The Fed's Fear of a Recession

Jordan: Have we not been in a purchasing power recession for the past two years? Is there no chance that the answer to an employee shortage and housing shortage is not mass unemployment and a housing crash? He says real disposal personal income is actually accelerating in recent months. The most interest rates into the sectors of the economy go break down first, he says. Then all the companies that support those things stop producing as much; they're forced to right-size their business with employment layoffs.