who previously held posts with the Federal Reserve and the International Monetary Fund.
People have been calling for a recession for months now, and this seems to be the most anticipated recession on record. I think that it could still be a ways off.are still relatively strong, stronger than we’ve seen them for most periods. [But this] doesn’t mean that a recession is not coming. There’s always a recession somewhere down the road.Indeed, yes, there’s a likelihood that the economy is going to contract in the next nine months. The president of the New York Fed expects the unemployment rate to go up from 3.5% currently to somewhereIn terms of how much worse it can be beyond that, it’s going to depend on a number of things.
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