Politic > U.S.
No more whispers: Recession talk surges in Washington
1 month ago | By Politico
President Joe Biden says “there's nothing inevitable” about a recession in the U.S.
He is an increasingly lonely voice about that prospect.
From Wall Street to Washington, whispers about a coming economic slump have risen to nearly a roar as the Federal Reserve ramps up its battle against the highest inflation in four decades.
Price spikes and the Fed's aggressive interest rate hikes sent the benchmark S&P 500 stock index tumbling to its worst performance in the first half of the year since 1970. Consumer confidence has sunk to record lows. And economists are increasingly worried that a...
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