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Economists like to say "the cure for high prices is high prices." High prices should reduce demand and also increase supply. I don't see how this necessarily leads to a recession (a contraction in the economy) which is usually caused by fewer people working. We have record low unemployment. A lot of people are just parroting political talking points at this point about the inevitability of a recession, there is no indication yet of one AFAIK.

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The Fed is going to raise rates until something breaks, and a recession or "hard landing" is just the likely cost to be paid. It's a healthy part of the business cycle, and closer to an intentional policy outcome than something that is just happening out of nowhere. The excesses of the past decade are exemplified by the tech industry and it will likely be disproportionately impacted.

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