Brainard `83 Says Fed "In a Bind."

Extra props for iconic film reference:

Brainard: My 17-year-old daughter is sending me “Ferris Bueller” Smoot-Hawley clips. It is really striking to see the increase in awareness in surveys of the connection between tariffs and high prices, and the surge in consumer inflation expectations is notable.
Opinion | ‘A Huge Negative Shock’: Three Experts Game Out Recession Odds and Economic Uncertainty - The New York Times

1 Like