Middleboro Review and so on

  View in browser   BY  BEN WHITE Presented by Merchandise for sale is displayed at a store closing. | Spencer Platt/Getty Images NO PAIN, NO GAIN  — Fed Chair Jerome Powell would love to stop pumping the brakes on the economy with multiple, hefty interest rate hikes. He knows the aggressive boosting will almost certainly cause recession — potentially a bad one — and a significant spike in unemployment. And people will hate him for it, especially Democrats looking to retain power.  He would rejoice if rampant inflation came down on its own without the steel-toed boot of the world’s largest central bank stomping on its neck. “I wish there was a painless way,” Powell  lamented earlier this month . “There isn’t.” The Fed chief got no good news today with the  latest reading  on the core Personal Consumption Expenditures price index (our friend, PCE, which we’ve  explained in this space before ) rising faster than expected despite multiple rate h...