Recession and Inflation: More Likely for Both Be Present Than Both Absence

Commentary
While the Federal Reserve and Janet Yellen believed they had a solution to higher inflation, prices started to decline but is now beginning to stabilize. This is exactly the narrative of downturn in the 1970s, where, at that time, the Federal Reserve even thought it had overcome prices but, in truth, had no. Inflation is similar to a serious disease like diabetes, which is not catastrophic but eventually causes other issues as time goes on. Central bankers tend not to give a higher priority to this as long as the risk of having the latter is apparent because higher prices is never as serious as recession is…

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