US recession whispers becoming a roar – Politico ...News

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US recession whispers becoming a roar – Politico
source : Russia Today ( News ) () 31
The Fed may tolerate an economic slump in order to tame inflation, the publication said The alarm over a looming recession is growing louder in the US, as the government struggles to control soaring prices, Politico reported on Tuesday. “From Wall Street to Washington, whispers about a coming economic slump have risen to nearly a roar,” the publication writes, adding that the Federal Reserve’s “aggressive” policy sent stocks tumbling to their worst performance in decades and plunged consumer confidence to record lows. Fed Chair Jerome Powell said last month that a recession was “certainly a possibility” and that t

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