Despite optimism from Fed chair Jerome Powell, many still believe recession is likely

  • by:
  • Source: The Blaze
  • 07/01/2022

Despite optimism from Fed chair Jerome Powell, many still believe recession is likely

  • by:
  • Source: The Blaze
  • 07/01/2022

Many economists have not been persuaded by the optimistic rhetoric regarding the future of the American economy. In fact, most believe that if a recession hits, it will come either next year or perhaps in the fourth quarter of this year.

A survey by the Financial Times — cited by NASDAQ, the Washington Examiner, and others — shows that 70% of respondents believe that the recession will hit sometime between October 2022 and December 2023.

Respondents to the survey include experts from Harvard, Northwestern, Johns Hopkins, and Notre Dame.

Though the survey is slightly misleading since it presumes that a recession is imminent, it still indicates that many economists are much more dour about the economy than the government officials charged with moderating and stabilizing it.

READ MORE 
Jerome Powell by N/A is licensed under Wikimedia Commons N/A