What if higher interest rates and a recession don’t tame inflation?

 The next few months could be ugly if inflation fails to drop to tolerable levels

The lesson from the 1970s is not encouraging.

This continued until central banks, most notably the Volcker Fed, engineered their own recession, raising interest rates sufficiently to put millions of people out of work.

From an investor point of view, this was the worst of all worlds — countercyclical inflation (stagflation)

Dario Perkins MarketWatch 19 May 2022

https://www.marketwatch.com/story/the-worst-of-all-worlds-for-investors-what-if-higher-interest-rates-and-a-recession-dont-tame-inflation-11652968911