Surveillance: Recession Risk with Dudley (Podcast)
Bloomberg Surveillance
00:00
Are They Going to Blink?
I don't think they want a recession. The problem is that if you're not going to get inflation down, you need more slacken the economy. Ant i's very hard to generate more slackened the economy without actually generating a recession. Going for a soft lang can be almost impossible for them to pull it off. I mean, larry somers was talking about a five % unemployment rate over the next five years. Where do you think their tolerance is? Right now the coty has considerable for momentum. As the reopens aperial gains are very strong. But beneath that, things are trouble. A inflations rising faster than wages. Financial conditions have tightened a great deal
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