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'The Fed has to do the dirty work' and induce a US recession that's deeper than Europe's as the economy is clearly overheating, BofA says

'The Fed has to do the dirty work' and induce a US recession that's deeper than Europe's as the economy is clearly overheating, BofA says

"If the Fed wants to get labor cost inflation under control in a timely manner, we think it needs to engineer about a 2% rise in the unemployment rate."
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Oh ya 1 year ago
Well thats going to be really hard. With Saudi dumping the petro dollar and going with China and Russia all those unneeded USD are going to flow back to the States and drive inflation even higher
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