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ECONOMY  CURRENT EVENTS  POLITICS

29 Sep 2022

“For the US, if inflation does not show signs of cooling in the last few months of 2022, and measures of inflation expectations start to climb, it would force the Federal Reserve to continue with aggressive rate hikes beyond 2022 into the spring of 2023 - in my opinion that's when the economy will tip into a recession. I think a similar situation would apply to other countries as well, if central banks are forced to increase rates aggressively and persistently, either to defend their currency or to tame inflation, then a recession is inevitable.”

Pao-Lin Tien
Pao-Lin Tien
   Professor
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Assistant professor of economics at George Washington University
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  • 29 September 2022
  • 29 September 2022
  • United States
  • Not Specified
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