The biggest problem with have with inflation right now is that it's being persisted by the upper middle class and above, ie. the white collar workers. Meanwhile the lower-income people are the ones that are truly suffering but they have no control over it. The massive amount of income inequality we have seen since Obama in 2009 is causing this to happen.

The white collar workers are persisting inflation because they can afford to keep paying whatever it costs to get whatever they need. They can get wage increases commensurate with inflation. Meanwhile, the lower income, ie. The Poors, have no control and just have to endure and suffer with inflation.

The only way we cut inflation is by having mass layoffs of white collar workers. We won't see a recession at all until white collar workers stop spending. Until we see that, we're going to get very sticky 5%+ inflation, and then once layoffs start happening, then a recession will be quick and sharp.

This will be an extremely hard landing for all of us.