UBS On-Air: Paul Donovan Daily Audio 'Tightening into “recession”'

The Federal Reserve minutes suggested some members felt that relentlessly hiking rates—without ever pausing to understand the consequences—might not be the best possible strategy. Fed Chair Powell’s maniacal chant on “hike, hike, hike” drowned out such rational ideas. Reports of the minutes have stressed the staff economists’ “mild recession” view. “Mild recession” is not really defined.