The Fed could let the slowdown last up to 3 years to bring inflation down, top Morgan Stanley economist says

MarketsInsider/George Glover/11-4-2022

“They’re serious about bringing inflation down, but I also think they’re trying to be clear that they’re not trying to crash things so that everything comes down next year. They want to squeeze things enough so that we get the slowdown, but then they’re willing to let that slowdown happen over a long period of time.” – Seth Carpenter, Morgan Stanley global chief economist

USAGOLD note: Prolonged agony unlikely to fly politically, no matter which political party is in power.…… Investors and consumers are likely to be asking “Are we there yet?” for a long time to come.