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He Foresaw Inflation. Here’s What He Expects Next. Feat. Lord Mervyn King

Capitalisn't

CHAPTER

Is the Fed Going to Keep Raising Interest Rates Too Soon?

It sounds like you're more in the camp of people who are worried that the Fed is going to keep raising interest rates for too long. The market has become much more segmented, particularly with dual career, family, etc. I don't see that as paramount at the moment. On the other hand, I am worried that nobody had the courage to induce a recession to bring down inflation from 4 to 2. Do we all want to reduce the inflation from 9 to 4? Yes.

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