Bloomberg Surveillance · Wednesday, September 16, 2026
There is a divergence of opinion among economists regarding the Fed's capacity to bring down inflation without triggering a significant economic downturn. Some believe disinflation without recession is possible, citing past examples, while others express skepticism, particularly given current supply-side pressures and strong demand.
“I think it's more naive than nirvana. And I am worried.”
“I do. We saw an example of disinflation without a recession between 2022 and 2024 and 5. I think it can happen.”
“Can they at least get closer? Can they get something closer to 2.5%, something closer to 2%, whereas it looks like we are stuck closer to 3% at this point? I think that's the objective.”