The Fed Fears Recession Not Inflation, Its Supposed Enemy

The Fed Fears Recession Not Inflation, Its Supposed Enemy
Federal Reserve Board Chairman Jerome Powell speaks during a press conference in Washington on July 27, 2022. Mandel Ngan/AFP via Getty Images
Thomas McArdle
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“A million workers working for nothing. You better give them what they really own,” John Lennon sang in “Power to the People.”

Thomas McArdle
Thomas McArdle
Author
Thomas McArdle was a White House speechwriter for President George W. Bush and writes for IssuesInsights.com
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