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by bryanlarsen 1564 days ago
And economists have predicted 8 of the last 3 recessions. I'm sorry, I've been hearing inflation predictions for 40 years now. You can only cry wolf so many times. Was there anybody who said we wouldn't get inflation in 2008 but would in 2021? If so I'll listen to them.

The Fed has caused many recessions in the last 40 years because they prematurely raised interest rates because they were scared of the inflation boogeyman.

I believe the Fed is doing a fabulous job threading the needle between inflation and recession in a very challenging, no right answer environment.