I read the guy as saying the Fed was going to use the next recession to knock baseline inflation down a peg.@GeographyDude Here is an article you might find interesting:
https://www.vox.com/policy-and-politics/2018/12/1/14313522/george-h-w-bush-dies
Essentially it blames Bush's 1992 defeat on the Fed, which in 1989 decided to take deflationary measures that caused a recession in 1990. Your thoughts?
Plus, we have the fact that the relatively shallow 1990 and ‘91 recession took two-and-a-years to fully recover back to the same number of jobs.
* Philly Fed branch president Ed Boehne
although admittedly, welcoming the next recession may have blurred to bringing it about (but one branch president), not a slam dunk