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.
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.