Surveillance: Inflation Persistence with Dudley (Podcast)
Bloomberg Surveillance
00:00
Is There Too Much Demand Right Now?
Doctor weinberg joins us this morning with high frequency economics. Pates: Karl t, the sigeist is you have to manufacture some form of economic slow down, contraction or n b e rt recession in order to extricate ourselves from eight % inflation. Do you buy it? Karl Weinberg: It's just as simple as that. The instrument is interest grades. That's a blunt edged sword and that swings against all sectors of the economy. And it basically hammers demand down to meet supply in times when therr excess demand ight.
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