The Fed Is Not the Only Detaile

The president has despatched his economic team to everything we can to help ease those price pressures. The higher prices of necessities will ultimately cause low income consumers to cut back on things. There are signs this is already happening. I think the bondmark is already showing enough of a recession indicator that by 20 23, it seems pretty likely. It's certainly a non zero probability that you get recessions in the latter part of 20 22.