There are three factors that could lead to inflation which include demand-pull inflation, cost-push inflation and built-in inflation.and defeat the nation's worst bout of inflation in 40 years without causing a recession?
And that, the research paper concludes, is just what has happened in previous periods of high inflation. The researchers reviewed 16 episodes since 1950 when a central bank like the Fed raised the cost of borrowing to fight inflation, in the United States, Canada, Germany and the United Kingdom. In each case, a recession resulted.
The latest evidence of price acceleration makes it more likely that the Fed will need to do more to defeat high inflation. Speaking at Friday's conference, Loretta Mester, president of the Federal Reserve Bank of Cleveland, came closer to accepting the paper's findings. She said its conclusions, along with other recent research, "suggest that inflation could be more persistent than currently anticipated."
Some surprisingly strong economic reports last month suggested that the economy is more durable than it appeared at the end of last year. Such signs of resilience raised hopes that a recession could be avoided even if the Fed keeps tightening credit and makes mortgages, auto loans, credit card borrowing and many corporate loans increasingly expensive.
No and if it gets really bad we will see another depression. America should never have gone global to the point of not producing the goods that we need right here at home.
the goal is recession. when people can't afford food prices go down, people die or lose their homes, but it will createassive value for the very wealthy
History and common sense also say no
Heck no, You are destroying this country Bayard tactics
Their interests rates are doing absolutely nothing
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Source: WashTimes - 🏆 235. / 63 Read more »