Article Snip: "The economists added that for the Fed's stated 2% inflation target to be achieved, the unemployment rate would have to climb to 7.4% for one year. That's more than double the currency jobless rate of 3.4%. "A deep recession," the economists said, "would be necessary to achieve the SEP's projected inflation path. ..."
Reference: businessinsider.com
Trump Taps Scott Bessent to lead U.S. Department of the Treasury
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Confirmed: Trump Taps Billionaire Hedge Fund Manager to Lead Treasury:
Trump Weighs In Snippet of Article: "...Bessent in recent months has become
a key ec...