A growing number of economists have warned about a severe recession in the U.S. if the FederalReserve keeps up its fight against inflation.
“Each adverse development in the outside world implies the Fed is going to have to do more in order to bring the situation under control,” said one economist.A growing number of economists have warned that the Federal Reserve’s fight against inflation, which remains at the highest level in decades, could lead to a severe recession in the U.S. At the upcoming Federal Open Market Committee meeting Wednesday, the U.S.
Doing more means a higher probability of a recession, and if [it] happens, in all likelihood a deeper recession. ING’s chief international economist, James Knightley, warned: “By moving hard and fast, you just naturally have less control.” He elaborated:
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