Fed wants a recession, Bank of America says

MarketsInsider/Jennifer Sor/1-5-2023

“The Federal Reserve wants a recession and is desperate to convince markets it’s serious about bringing inflation down, according to Bank of America’s chief economist Ethan Harris.”

USAGOLD note: What happened to “Don’t fight the Fed?” The markets, it appears, are in full defiance. The Powell Fed has become the Rodney Dangerfield Fed – looking for a little respect.