The US economy faces an 'everything problem' – and the Fed has only bad options, researcher says

• Fed Chair Jerome Powell has only "terrible" options, financial researcher Luke Gromen said.
• Powell faces historic inflation and the risk of recession and financial catastrophe, he said.
• The Fed's inflation fight threatens to worsen the US government's debt and deficit woes, he said.

Jerome Powell has only "terrible" options to choose from, as the Federal Reserve chair weighs the threat of historic inflation against the risk of a financial and economic disaster, a veteran researcher says.