Politico reports 'recession talk surges' from Washington to Wall Street despite Biden's reassurances

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,” economics reporter Victoria Guida wrote inNo More Whispers: Recession Talk Surges in Washington.

Many in finance and the media have warned about a potential recession for months, with Bloomberg publishing a piece in May arguing that the Federal Reserve likely expected a recession [object Window].

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President Biden speaks about inflation and supply chain issues at the Port of Los Angeles, 金曜日, 六月 10, 2022, ロサンゼルスで.

President Biden speaks about inflation and supply chain issues at the Port of Los Angeles, 金曜日, 六月 10, 2022, ロサンゼルスで. ((AP Photo/Damian Dovarganes))

Fed Chair Jerome Powell has begun saying the quiet part out loud,” Guida wrote. “The central bank is willing to tolerate a recession if it means getting inflation under control.

While Biden has publicly backed Powell’s efforts, raising expectations of a recession are compounding the administration’s economic woes as Democrats head into congressional elections this year,” 彼女は続けた.

President Biden has stated publicly that a recession is not inevitable. “There’s nothing inevitable about a recession,” Biden said when asked by a reporter last month. “Don’t make things up,” he told the reporter.

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ワシントン - 1月 22:  The Federal Reserve building is seen January 22, 2008 ワシントンで, DC. (私に連絡した彼らのうち、そして多くの企業リーダー)

ワシントン – 1月 22: The Federal Reserve building is seen January 22, 2008 ワシントンで, DC. (私に連絡した彼らのうち、そして多くの企業リーダー)

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