Surveillance: Fed & Recession with Lacker (Podcast)
Bloomberg Surveillance
00:00
What Kind of Recession?
Jeffrey Toobin: The Fed is willing to tolerate a recession to get inflathion. He says they realize that sustained inflation can damage their credibility more than any other issue. So whatever it takes, he argues, the fed should keep doing what it's doing until inflation falls below 3%.Toobin: They're gongto have sad they shouldn't let your foot up off the brake before inflation has come down.
Play episode from 05:20
Transcript
