CNN’s Romans: ‘Remember Transitory Inflation, That Was Really a Bad Call’

SCIUTTO Overnight we heard ░░░░░░░░ Alan Greenspan who says ░░░░░░░░ he s worried about ░░░░░░░░ recession this year I ░░░░░░░░ he s not not ░░░░░░░░ is in that camp ░░░░░░░░ ROMANS Right SCIUTTO And ░░░░░░░░ the way you look ░░░░░░░░ some of the positive ░░░░░░░░ which you ve highlighted ░░░░░░░░ our broadcast here how ░░░░░░░░ things at least starting ░░░░░░░░ this year ROMANS You ░░░░░░░░ Alan Greenspan like all ░░░░░░░░ doesn t have a ░░░░░░░░ record either but he ░░░░░░░░ at those numbers and ░░░░░░░░ happened to steer this ░░░░░░░░ to a soft landing ░░░░░░░░ 1989 when we had ░░░░░░░░ raise the interest rates ░░░░░░░░ Fed had to raise ░░░░░░░░ rates to get ahold ░░░░░░░░ the situation So he ░░░░░░░░ been in this seat ░░░░░░░░ and he says I ░░░░░░░░ t think we can ░░░░░░░░ avoid a recession But ░░░░░░░░ one knows for sure ░░░░░░░░ the last year economists ░░░░░░░░ got it wrong Remember ░░░░░░░░ inflation that was really ░░░░░░░░ bad call and that ░░░░░░░░ really wrong Maybe we ░░░░░░░░ from Moody s they ░░░░░░░░ calling it a small ░░░░░░░░ Maybe you don t ░░░░░░░░ a recession you kind ░░░░░░░░ grind to a halt ░░░░░░░░ No one knows for ░░░░░░░░ The job market still ░░░░░░░░ strong Tomorrow we re ░░░░░░░░ to get the jobs ░░░░░░░░ Jim I think maybe ░░░░░░░░ will be less strong ░░░░░░░░ recently and that s ░░░░░░░░ you want to see ░░░░░░░░ six months of the ░░░░░░░░ raising interest rates But ░░░░░░░░ would just caution after ░░░░░░░░ last year no one ░░░░░░░░ knows for sure what ░░░░░░░░ holds.”