With the Fed’s plans to wind down pandemic-era stimulus and raise rates three times next year, this ‘Best of Essential’ interview questions the central bank’s role and analysis of the economy. Raoul has known David Rosenberg for over 20 years, and he has always been one of his favorite analysts on the business cycle. In this episode of The Journey Man, Raoul tests his thoughts of an impending economic slowdown with David. As ever, David doesn’t mince his words and argues that the Fed’s forecasts, along with most analysts’, are likely dead wrong and that inflation concerns should take a backseat because deflation is set for a comeback. Recorded on September 24, 2021.