Cause/Effect..

 

Despite their best efforts, the world’s economic authorities seem to be becoming increasingly resigned to the fact that inflation cannot be tamed without triggering a recession. 

Federal Reserve chair Jerome Powell warned that the central bank is prepared to “bring some pain.” And after the rate hike on Wednesday, he admitted that the chances of avoiding a recession are “likely to diminish,” and an uptick in unemployment is probably on the way. 

“We have got to get inflation behind us,” he said. “I wish there were a painless way to do that. There isn’t.”

Comment:

1- The White House wanted to enact few bills with 10 Trillion dollars as Biden became a president and the party is looking for extra spending.

2- A year earlier, a fake denial of the creeping inflation as the Party claimed it's "Transitory"

3- Biden's cancelled Keystone pipeline XL, then Nord Stream 2. That followed by problems and slow delivery of Nord Stream 1, to Europe.

4- Hate towards the Russian people. US lead the G7 to enact sanctions against Russia for the Russia/Ukraine War. 

5- Russia placed sanctions on EU, as a result, prices of oil, natural gas skyrocketed, shortage of food, and inflation took off. As a result, prices of energy skyrocketed in the UK and Europe, Inflation intensified, and Recession is looming.  Just a thought.