US will plunge into recession — but it didn't have to, former IMF chief economist says
CNN
It's "almost impossible" for the Fed to tamp down inflation without tipping the US economy into a recession, says Former IMF Chief Economist Ken Rogoff.
"[The Fed] would have to be very lucky," Rogoff told CNN's Christine Romans on Early Start. "They have to decide: Do they have to have inflation get down quickly, or are they going to throw us into a recession? I think they are saying that they will get inflation down. I think they will blink,"
Rogoff said he thinks the Fed will "blink" and slow down aggressive rate hikes.
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The Department of Labor held a Christian prayer service for its employees this week, TKTKTK this is highly unusual.
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