"Predictions of a steep recession and runaway inflation are wrong, Paul Krugman said in an op-ed.

The top economist said inflation is falling more rapidly than the Fed thinks.

The Fed, however, still risks causing a recession if it tries to respond to "imaginary" stagflation. "

Fed Risks Recession Responding to 'Imaginary' Stagflation: Krugman
https://markets.businessinsider.com/news/stocks/paul-krugman-recession-inflation-us-economic-outlook-stagflation-debt-crash-2023-2

#krugman #us_economy