Economics
‘Dr. Doom’ Roubini Sees Either US Hard Landing or Uncontrolled Inflation
- He says key to inflation is what pace of its decline will be
- Markets expecting a Fed rate-hike pivot sounds ‘delusional’
WATCH: Roubini warns of a US recession that will be protracted, severe.
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Economist Nouriel Roubini said there are two options for the US economy, given the Federal Reserve’s most-aggressive tightening campaign in decades: an economic hard landing or inflation at a persistently elevated level.
“The fed funds rate should be going well above 4% -- 4.5%-5% in my view -- to really push inflation towards 2%,” the chairman and chief executive officer of Roubini Macro Associates said in an interview on Bloomberg Television’s “Balance of Power With David Westin” Monday.