Economy

bucolic_frolic

(47,365 posts)

3. Biden's inherited timing on the economy will be as bad as Trump inheriting COVID

Wed Apr 12, 2023, 02:48 PM

Apr 2023

You can have a recession to cool inflation, or you can have hotter inflation. Running for re-election on either one is detrimental, but it's not your choice, you can only influence it with reduced budget deficits. Which path do you choose? Does the choice make a difference? The times is what they is. As long as there is gasoline, food, jobs, a little inflation won't matter too much with the Republicans in dissaray, dissolution, dissipation, or however you characterize it.

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Yahoo Finance-Fed's Williams: The Fed has its 'work cut out' bringing down inflation [View all] sprinkleeninow Apr 2023 OP

If you remember the 70s and understand economics this is not a surprise bucolic_frolic Apr 2023 #1

But then - they'd trigger a deep, Early '80s-style recession peppertree Apr 2023 #2

Biden's inherited timing on the economy will be as bad as Trump inheriting COVID bucolic_frolic Apr 2023 #3

I hear you peppertree Apr 2023 #4

It may not be as bad as the 1970s, this is a gig economy bucolic_frolic Apr 2023 #5

In any case, it's all up to the Fed - and I fear they'll try to 'Carter' Biden peppertree Apr 2023 #6

There was 3.5% inflation for several months. The Fed target is 2% progree Apr 2023 #7

Biden and Powell met about 18 months ago, I think bucolic_frolic Apr 2023 #8

Well said. peppertree Apr 2023 #9