Ex-Fed insider: Full-blown recession 'almost certainly' coming

Ex-Fed insider: Full-blown recession ‘almost certainly’ coming

The problem is that the Fed started its quest to control inflation late, leaving the central bank no choice but to rein in the economy by drastically raising interest rates. “There will almost certainly be a full-blown recession. If we’re not there yet, I think we will be in the next 12 months,” said Dudley, …

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