'Dr. Doom' Roubini Sees Prolonged Inflation Above 2% as 'Mission Impossible' for U.S.
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Nouriel Roubini says reaching 2% inflation is "mission impossible" for advanced economies like the U.S.
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He cites supply constraints and higher spending needs as reasons inflation will stay above 2%.
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Roubini is known as "Dr. Doom" for his often pessimistic economic forecasts.
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He rose to fame for predicting the 2008 financial crisis and housing market collapse.
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Roubini recently warned of a likely mild recession in 2023 and the risk of central banks "wimping out" on fighting inflation.