What's worse than having to take a dose of nasty medicine midday? Having people coming in repeatedly during the morning reminding you that the unpleasant mixture is waiting patiently for you.
Lately, the nagging monitors have been high-level members of the Fed warning that markets shouldn't hope for a quick end to tougher interest rates—which means ongoing pain for commercial real estate.
Esther George— president of the Federal Reserve Bank of Kansas City, 40 years at the Fed, and retiring in January—told the Wall Street Journal that getting inflation down without a recession might not be feasible.
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