Zoltan Pozsar: "Given [the Fed's] updated mandate, recession isn’t an option."
SPECIAL FOMC PREP
Why Must the Fed Reverse Course on Fighting Inflation Soon?
…[T}hey understand that they have no control over goods prices unless they curb demand through a recession – which given their updated mandate isn’t an option. - Z. Pozsar, 2/22
Too Long; Didn’t Read
The market thinks the fed will back off its tight monetary policy with a recession impending. Ass…