2024-06-12 20:00:00 +0300
Powell Facing Choice Between Elevated US Inflation and Recession
Bloomberg
By Rich MillerSign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast.
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Federal Reserve Chair Jerome Powell is facing an increasingly grim calculus after yet another hot inflation reading last week: He probably has to push the economy into recession in order to regain control of prices.
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