GeneralBearishCrypto Briefing · 5h ago7/10
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Rich Clarida: Persistent inflation exceeds 2% target, a deep recession may be needed to curb core inflation, and the US faces an unsustainable fiscal path | Macro Musings
Rich Clarida warns that persistent inflation continues to exceed the Federal Reserve's 2% target, suggesting a deep recession may be necessary to control core inflation pressures. The analysis also highlights concerns about the US fiscal trajectory becoming increasingly unsustainable, with central banks facing difficult tradeoffs between inflation control and economic stability.
