JEROME POWELL WILL NEVER BE PAUL VOLCKER

Weekly

June 7, 2022

The recessionary impact of inflation is underestimated, even by central bankers
By tightening their monetary policy, they are trying to apply the Volcker method
But, unlike the 1980s, the debt is so high that they will have to give up
A significant rise in interest rates would make the debt burden unsustainable

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