"Break The Chain": Why A Painful US Depression Is Required To Crush Inflation Expectations

.. and why the Fed is doing everything it can to create one.

"Break The Chain": Why A Painful US Depression Is Required To Crush Inflation Expectations

FRIDAY, APR 21, 2023

By Michael Every of Rabobank

The persistence of inflation continues to confound economists and policy makers, as the significant supply shocks that sparked this wave have now largely faded. Therefore, it was not surprising that the accounts of t…