Bill Dudley: A soft landing will be hard to achieve

Bill Dudley, former FRBNY Pres and Goldman Sachs Chief US Economist says the Fed will have to drive up unemployment to keep inflation in check. When the Fed has done that in the past it has always resulted in a recession. Bond yields will have to rise and stocks will have to fall in order for the Fed to succeed in taming inflation.

Hat tip to Joseph Wang.