Kenneth Rogoff provides his economic growth forecast heading into 2023 as a looming rail strike threatens the supply chain and the Fed prepares to further hike rates on 'Mornings with Maria.'
Former IMF chief economist Kenneth Rogoff issued a harsh assessment of the economy, telling "Mornings with Maria," Thursday, that the , that wages are worse than they seem and the Fed's strategy is not enough to cool inflation as markets have not fully absorbed how much interest rates will climb.
Nothing is worse and more evil than the cashless/CBDC society that this 'expert' has been promoting for years.
Back when I was a Federal employee I welcomed interest-rate induced recessions. My employment was guaranteed, I wasn't opening businesses, newly borrowing, or living on variable-interest cards. Felt a little guilty, but basically loved that it would reduce inflation.
Duh 🙄
Thanks, Brandon.