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

“从华尔街到华盛顿, 随着美联储加紧对抗 40 年来最高通胀,” 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 back then.

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President Biden speaks about inflation and supply chain issues at the Port of Los Angeles, 星期五, 六月 10, 2022, 在洛杉矶.

President Biden speaks about inflation and supply chain issues at the Port of Los Angeles, 星期五, 六月 10, 2022, 在洛杉矶. ((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,” 她继续.

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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华盛顿 - 一月 22:  The Federal Reserve building is seen January 22, 2008 在华盛顿, 直流电. (Chip Somodevilla/Getty Images 摄)

华盛顿 – 一月 22: The Federal Reserve building is seen January 22, 2008 在华盛顿, 直流电. (Chip Somodevilla/Getty Images 摄)

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