The Fed’s Poole says the US will skirt a recession, inflation expectations are generally stable. But, he says inflation is harder to reverse than employment and the Fed policy should not focus on just one issue. Somebody pull him off the stage please, I believe I heard the gong!
Update: To be fair, he did say that if inflation increases, it would promise a larger recession later. Says Fed can always use policy to eliminate recession risk but this comes at the cost of inflation. It’s still a “if this, then that, but if that, then this”. And where it stops, noboby knows.
