Opinion | How the U.S. Economy Is Taming Inflation Without a Recession
Written by Black Hot Fire Network on September 12, 2023
Early this year many economists held a very grim view about the prospects for reducing inflation without a major economic slowdown and a big rise in unemployment. One prominent economist declared that underlying inflation was at least 4.5 percent and that “all the hoped-for saviors” — that is, forces that might bring inflation down painlessly — “have come and gone.” Inflation . . .
