fighting inflation and risking recession

It Took Longer Than Generally Remembered for the Volcker and Greenspan Fed To Restore Price Stability

March 17, 2022

Several questions at Fed Chairman Powell’s press conference yesterday tried to elicit a response about whether it is possible to shrink U.S. inflation back to the target of 2.0% without nearly stalling economic growth or even putting the U.S. economy through a recession. Powell did not say definitively yes or no but gave reasons for […] More