The Recessionary Price of a Faster Decline in Inflation
Notes on the Week Ahead
00:00
The Fed's Overly Aggressive Stance on Inflation
The burden of higher core services inflation falls mostly on the rich, and reducing that inflation by restraining wages and raising unemployment would not be doing the poor any favors. For investors, there should be a silver lining of an eventual return to the slow growth, low inflation, low interest rate environment that did so much to bolster stock and bond prices in the years before the pandemic. 2024 is likely to be a year of falling inflation interest rates.
Transcript
Play full episode
