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>> reducing inflation is likely to require a sustained period of below trend growth. there will likely be softening of labor market conditions. while higher interest rates, slower growth and softer stlaib market conditions will bring down inflation, they will also bring pain to households and businesses. >> i think the pain he means is higher costs of everything. the thing people are wrestling with, with high inflation and wages coming down. do i feed my flame this month? and rent has gone up like crazy during this inflationary period. if you have the cash, it's pushing people into buying. >> you were upset larry kudlow took some of your thunder. >> i put it in my notes. larry is calling for a crash in