FOXNEWS America Reports With John Roberts Sandra Smith March 16, 2022 18:41:00
Low, inflation high, that will give way to a recession. i don't know the precise, i would say recession is likely, may last until 2024. >> sandra: you know who agrees with you, economist from democratic administration, larry summers, agreeing with you, larry, we now face major new inflation pressures from higher energy prices, run-ups in grain prices, ukraine war and more supply chain interruptions as covid forces lockdowns in china. it would not be surprising if the factors added 3% to inflation in 2022. and with price increases outstripping wage increases, a wage price spiral is a major risk...
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