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/PRNewswire/ -- The Accreditation Council for Business Schools and Programs (ACBSP) www.acbsp.org, the first global accrediting body to accredit business,...
/PRNewswire/ -- The Accreditation Council for Business Schools and Programs (ACBSP) www.acbsp.org, the first global accrediting body to accredit business,...
Like you're almost in recession, the bank of england saying maybe there's a big recession coming to curb inflation and the fed was tightening. it's a very unusual circumstance. it's a perilous one. i think it's unavoidable for a recession. >> you laid out a policy double-blind. you're saying because the stimulus payments are tapering off, people are suffering, less disposable income but you say the stimulus payments led to the inflationary environment. what's the right policy course? if you were on the fed today, what would you recommend? what would you do? >> well, i'd be doing what the fed's...
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The inflation we've seen in the last couple of months makes the fed change its policy course. so i think that actually, for me, the turning point that i'm looking to is in the fall, president biden has an objective of constraining supply even more with corporate tax hikes and other tax hikes. and if you push supply down, while pushing demand up, it's a recipe for inflation like we haven't seen maybe ever. and so i think that there's an opportunity, however, for democrats, which is that they recognize, if they see the inflation, that demand and supply are mismatched, then they can hold off on t...