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Jim Bianco on Inflation, Recession and the Need to Reimagine the Economy for a New Era

The Breakdown

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Is There a Shift in Power in the Fed?

The federal reserve is supposed to be an independent board. And what are they supposed to protect against? Right? We're supposed to prevent against profligate politicians that want to basically print money and spend like drunken sailors all the way into inflation. If we wind up having some kind of a severe recession in 23, i think might find itself into a road block of divided government at that point. So the fed better get on the task of getting inflation down now,. before we get to that point where they might need to get the help of government fiscal stimulus if you will.

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