Subject: Re: Inflation/Recession
The question is how will the Federal Reseerve respond (interest rate movement direction) if both happen simultaniously as their mission is to keep inflation low while maximizing employment?

If I were Powell, I would do nothing. This is self-imposed pain that to some extent can be self-corrected. I don't see rates being the problem or the answer for that matter. It's all about the unpredictability and confidence. All bets off in 2027, when Trump can put one of his cronies in his place.

I don't think any of the conventional measures to influence the economy apply with a leader at the helm with an agenda that is not that which is best for the country.

IP