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Surveillance: ECB, Fed Raise Rates

Bloomberg Surveillance

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The Fed's Projection of a Non-Recession Outcome

Wayne Guillen: What do you think right now is the bigger risk, Rich? The idea of inflation re-accelerating and still being a problem or the idea of recession and avoiding something more entrenched. I want to finish on this if we can, Rich. No descents. We talked about it for a while. You've been on the committee. Why do people, even when we know they might disagree with the decision, make the decision not to descend? He says there are certain cultural norms.

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