A Fed spokesperson would not say whether the call demonstrated that the Fed faces security lapses or what steps would be taken to try to prevent it from occurring again.
in the past year would slow the economy and even potentially cause a recession.
A spokesperson for the Federal Reserve said “the video appears to have been edited, and I cannot confirm it is accurate.” “Chair Powell participated in a conversation in January with someone who misrepresented himself as the Ukrainian president,” the spokesperson said. “It was a friendly conversation and took place in a context of our standing in support of the Ukrainian people in this challenging time. No sensitive or confidential information was discussed.”
The spokesperson would not say whether the call demonstrated that the Fed faces security lapses or what steps would be taken to try to prevent it from occurring again. In one clip, Fed Chairman Jerome Powell said a “recession is almost as likely as very slow growth” this year.In the call, the Fed Chair admitted that a US recession is likely. “This is what it takes to get inflation down.”
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