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106: A BIG 2023 Economic Forecast from Harvard's Jason Furman

On The Market

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The Best Policy Forward From Where We Are Today

The only way to bring inflation down is with less demand. Most of the monetary policy tightening that we've done has already worked its way through the system. So I am okay with the Fed pausing at the next meeting, waiting to assess how much the turmoil in the banking system is doing their work for them and getting inflation down. But it's hard for me to see anything short of a financial crisis breaking out.

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