Former NY Fed President William Dudley: Recession “Pretty Likely”

The United States will “pretty likely” endure an economic recession in the coming months, stemming from what the Federal Reserve has already done to tamper down inflation, New York Fed President William Dudley told Bloomberg on Tuesday. Dudley, a senior adviser to Bloomberg Economics, also said the presumptive recession likely would not be a severe slowdown.

RELATED: Why everyone thinks a recession is coming in 2023

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s