EXCERPT:
WHITFIELD: “So, also on Friday, a new report came out by a leading economist at a conference organized by the University of Chicago Booth School of Business and the study found, quote now, ‘no instance in which a significant central bank-induced disinflation occurred without a recession.’ So is the Fed, in raising rates to bring down inflation, actually leading us closer to a recession?”
WOLFERS: “Well, raising rates will definitely bring us closer to a recession, there’s no doubt about that. But will it actually cause one is the real question here.”