Former Obama Economic Advisor Doubts a Recession Would Cure Inflation

Former Council of Economic Advisers Chairman Jason Furman speaks during a forum held by Democratic members of the House Ways and Means Committee discussing Republican tax legislation and the U.S. economy, in Washington on Dec. 13, 2017. Zach Gibson/Getty Images

There is rising concern in Washington that interest rate hikes by the Federal Reserve will spark a recession in the United States within the next year.

However, some are saying that even a recession caused by the actions of the central bank may not be enough to curtail inflation.