The Wall Street Journal: Reducing Inflation Without a Recession Might Not Be Feasible, Fed Official Says
Article by Nick Timiraos in The Wall Street Journal
Inflation is at risk of growing entrenched in the economy due to an overheated job market, and that will make it increasingly difficult for the Federal Reserve to bring inflation down without a recession, a central bank official said in an interview.
“I’m looking at a labor market that is so tight, I don’t know how you continue to bring this level of inflation down without having some real slowing."
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