The Fed wants a recession and is desperate to convince markets it's serious about bringing inflation down, Bank of America chief economist says

Jan 5 2023 by Business Insider

 
Chairman of the Federal Reserve nominee Jerome Powell testifies during his confirmation hearing before the Senate Banking, Housing and Urban Affairs Committee November 28, 2017 on Capitol Hill in Washington, DC.

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The Fed wants a recession to convince markets it's serious about bringing inflation down, BofA's chief economist Ethan Harris said. "They told us they want a weak economy. I think that's a very friendly way of saying you want a recession," Harris warned. He predicted...
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