The Fed's huge challenge: Taming
inflation, without starting a recession


By Matt Egan, CNN Business - December 15, 2021
 
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The Fed's huge challenge: Taming inflation, without starting a recession



Federal Reserve Chairman Jerome Powell, fresh off his renomination by Biden, will attempt to assure Wall Street, Washington and the public at large on Wednesday there's no reason to panic about sticker shock.
Powell must promise to get inflation under control -- but do so without removing support so quickly that the recovery stalls out. It's a difficult needle to thread.
 
"Pressures on the Fed now are intensifying and enormous," David Kotok, chairman and chief investment officer at Cumberland Advisors, told CNN in an email.

Read the full article at CNN Business: https://www.cnn.com/2021/12/15/economy/inflation-fed-meeting/index.html

 

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David R. Kotok
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CNN Business