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FedSpeak: Hoenig Previews Jackson Hole

MNI FedSpeak Podcasts

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Fed Tightening

If they do it sufficiently to bring inflation down substantially by the first or second quarter next year, you have a fairly high probability of a recession. I i haven't really witnessed too many adjustments with an inflation rate of eight and a half % coming down to two percent without a recession. So i wish em luck.

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