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Breaking the Inflation-Recession Cycle


In a recent speech to a Toronto business group, Federal Reserve Bank of Cleveland President W. Lee Hoskins presented his prescription for attaining maximum sustainable economic growth in the coming decade: a policy of price stability that will thwart the damaging cycle of inflation and recession.

In a recent speech to a Toronto business group, Federal Reserve Bank of Cleveland President W. Lee Hoskins presented his prescription for attaining maximum sustainable economic growth in the coming decade: a policy of price stability that will thwart the damaging cycle of inflation and recession.


Suggested citation: Hoskins, W. Lee, 1989. "Breaking the Inflation-Recession Cycle," Federal Reserve Bank of Cleveland, Economic Commentary, 10.15.1989.

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