Former Congressional Budget Office director Douglas Holtz-Eakin weighs in on high inflation rates and strategizes practical solutions on 'Cavuto: Coast to Coast.'to bring the U.S. economy to a grinding halt in order to cool inflation, but believe central bank policymakers may be able to successfully pull off their aggressive rate hike plan without dragging the country into a recession.
Although inflation remains near a 40-year high, the labor market has continued to add jobs at a brisk pace while consumers, flush with a cash surplus, have kept spending money on everyday goods. "Decline in labor demand does not require a recession, but does require over a year of below-potential growth," Hatzius wrote. "This implies that there is a coherent but narrow path for a soft landing."There are growing fears on Wall Street that the Fed may drag the economy into a recession as it seeks to tame inflation, which climbed by 8.3% in April, near a four-decade high.
"If wage growth and job openings do not normalize on their own at all, the reduction in labor demand required to restore balance to the labor market would likely entail a recession," they wrote.
Oh-My-GodOmniabsolute=Universe'sGravity: Thus, *Goldman Sachs* isn't in no recession but the 'Middle & Bottom Class' is. Hence, they are making less spending more on FOOD, GAS, CLOTHING, HOUSINGS & other COMODIES!$!$ (FYI, duh & now you know).
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