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Inflation is terrible, productivity growth is ‘awful': 'Worse than it seems

DATE: 2022-09-15
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Sept 15, 2022 – Fox Business

 

Former IMF chief economist Kenneth Rogoff issued a harsh assessment of the economy, telling 'Mornings with Maria,' Thursday, that the U.S. is in a productivity recession, that wages are worse than they seem and the Fed's strategy is not enough to cool inflation as markets have not fully absorbed how much interest rates will climb.


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