Supply woes raise recession risk as Fed rejects inflation nuance ...Qatar

Central bankers can’t drill for oil, grow more crops or repair global supply chains. That means the only quick fix available to Federal Reserve Chair Jerome Powell and his colleagues for cooling the fastest inflation in four decades may be raising interest rates so much that they crash the economy into recession. Such a scenario is the worry of some economists who see it as the only way the Fed can suppress demand by enough to offset the supply-side forces driving up inflation over which the central bankers have no control. That’s harsh news for the many thousands of Americans who could potentially lose their jobs or fail to find work as part of Powell’s calculus of rebalancing supply and d

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Last updated : 27 May 2022 clock 09:52 PM

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Supply woes raise recession risk as Fed rejects inflation nuance ...Qatar

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