Vested Chief Economist Milton Ezrati was quoted in an article published online by The Hill on February 6th. In Why the 1980s recession haunts the Fed, Ezrati was quoted as saying, “In the 1980s, inflation and inflation expectations had over 10 years to build and embed themselves into economic thinking at every level.” He also discussed the Fed’s current approach to rate hikes in the face of today’s inflationary environment.
The article observes the efforts the Fed is taking today to curtail inflation and minimize the economic impact of recession through the lens of the 1980s recession. Read the full text here.
