Roubini Sees Either US Hard Landing or Uncontrolled Inflation

 Key to inflation is what pace of its decline will be

“The fed funds rate should be going well above 4% -- 4.5%-5% in my view -- to really push inflation towards 2%,”

The central bank’s latest dot plot of interest-rate projections published after the June policy meeting suggests that the federal funds rate will reach around 3.375% by the end of this year and almost 3.8% by the end of 2023. That’s not hawkish enough, said Roubini.

“Even if you have 3.8%, we have inflation still well above target around 8%, falling only gradually,” he said. 

Isabelle Lee and David Westin Bloomberg 15 augusti 2022 

https://www.bloomberg.com/news/articles/2022-08-15/roubini-sees-either-us-hard-landing-or-uncontrolled-inflation


From Great Moderation to Great Stagflation

Nouriel Roubini Project Syndicate 9 August 2022

https://englundmacro.blogspot.com/2022/08/from-great-moderation-to-great.html


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