Quote:
Originally Posted by GGG
One problem is monetary easing is dangerous in a high inflationary environment. So you can’t just print your way or reduce interest rates to fight the recession with the current state of inflation.
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Yeah, the "fed put" is broken, or at least at risk. For the last 40 years every downturn has been met with lower rates/QE.
With current inflation that shouldn't be on the table without a deep recession. We will see if the Fed has the stones to let a recession blow through without immediately dropping rates to purge inflation from the system.