In a US Senate testimony, Federal Reserve Chairman Jerome Powell said it’s “certainly a possibility” that the central bank’s inflation-fighting efforts could lead it to raise interest rates high enough to cause a recession.
It’s not like anyone still needs much persuasion about the risk of a downturn. A few recent headlines from the editors at Bloomberg:
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- “Musk, Roubini and Goldman Warn of Rising US Recession Risk”
- “Deutsche Bank, Citi See 50% Recession Chance as Rates Rise”
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