The Fed has a balancing act to keep inflation under control while not pushing the economy into recession. Overheating is not fundamentally a hard thing to do, and needn't be old at heart. Most of the inflmation were se special factors that will go away. But there's a good, solid extra may be two points of inflation, excess inflation, that result from an overheated economy cooling off. How deep of a recession could we have? How long a e session? How high could unemployment go?

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