Reálná možnost, že Fed bude muset učinit drastické kroky, aby zmírnil prudce rostoucí inflaci, učinila spolu s dopady ropné krize z roku 1979 vážnou recesi docela pravděpodobnou.
The likelihood that the Fed would have to take drastic steps to curb galloping inflation, together with the effects of the 1979 oil crisis, made a serious recession quite likely.