Bearflation is Coming Says Georgia State Forecaster
Curing inflation is going to take awhile, up to 18 months according to Rajeev Dhawan of the Economic Forecasting Center at Georgia State University’s J. Mack Robinson College of Business. Dhawan says a “very determined” Federal Reserve will “eliminate excess demand by hiking interest rates sufficiently.” In his recent national economic forecast, Dhawan calls the current economic condition as “bearflation." Dhawan[...]