With the U.S. economy facing a highly uncertain 2023, what’s the bigger threat - inflation or recession? Federal Reserve Chair Jerome Powell is signaling slowing in the pace of interest rate increases after its fierce tightening this year, but has the Fed already gone too far? On the latest episode of the Free Expression podcast, Wall Street Journal Editor at Large Gerard Baker speaks to former Fed vice chairman Alan Blinder about what’s next for the economy and monetary and fiscal policy.
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