Paul Krugman

@paulkrugman ↗

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Last Checked July 15, 2022

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Thu Jun 16 12:22:58 +0000 2022

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Paul Krugman @paulkrugman

Not a recession, exactly, but a "growth recession" in which below-potential growth causes at least some increase in unemployment. Previous Fed projections didn't make room for that, which was hard to justify. Now they do 5/ https://t.co/eV0wjdugLy — PolitiTweet.org

Posted June 16, 2022

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Paul Krugman @paulkrugman

What the Fed is now projecting is pretty much what I called the Goldilocks scenario, which looks like this 4/ https://t.co/uGrCmE7NCv — PolitiTweet.org

Posted June 16, 2022

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Paul Krugman @paulkrugman

Obvious risks in both directions: inflation expectations continue to rise, or the monetary tightening proves to be overkill and sends us into outright recession. But at least the Fed is now telling a coherent story 6/ — PolitiTweet.org

Posted June 16, 2022