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Allison Schrager: A Recession Won't Be as Scary as It Sounds
While the Fed’s inflation fight could throw the economy into reverse, a mild slowdown now might help avoid a deeper downturn later. Inflation like this can't last forever. How it will end is now the more salient question. Often it takes a recession to break inflation. Economist Lawrence Summers observed that this has been the case every other
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Posted: May 12, 2022 Thursday 08:30 AM