Fed Hikes Will ‘Wallop’ the US Economy If Inflation Cools Anyway: Lazard

  • The US economy won’t feel the impact of the Fed’s tightening until 2023, Peter Orszag told CNBC.
  • If inflation is coming down anyway, it will be walloped by unneeded monetary policy, the Lazard CEO said.
  • The lame-duck Congress needs to move on the debt limit soon — otherwise, it’s “playing with matches.” 

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