Inflation has likely peaked, but the Fed won't be able to get it back to the 2% target without causing significant damage, BlackRock vice chairman says

Inflation has likely peaked, but the Fed won't be able to get it back to the 2% target without causing significant damage, BlackRock vice chairman says

Business Insider

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Philipp Hildebrand says cooling prices down will come at a hefty cost for the Fed, which could land the country in "deep recession territory."

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