Zoltan Pozsar: "Given [the Fed's] updated mandate, recession isn’t an option."

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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…