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Economist Stephen Roach warns that the US needs a miracle to avoid a recession

Economist Stephen Roach warns that the US needs a miracle to avoid a recession

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Negative economic growth in the first half of the year may be a harbinger of a much deeper downturn that could continue into 2024. Stephen Roach, who served as president of Morgan Stanley Asia, warns that the US needs a “miracle” to avoid a recession. “We will definitely face a recession as the late effects …

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The paper says that a rate hike by the Fed will not curb inflation if spending remains high

The paper says that a rate hike by the Fed will not curb inflation if spending remains high

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John C. Williams, President and CEO of the Federal Reserve Bank of New York, Lyle Brainard, Vice Chairman of the Federal Reserve Board of Governors, and Jerome Powell, Chairman of the Federal Reserve, walk in Teton National Park as financial leaders from around the world gathered for the Jackson Hole Economic Symposium outside Jackson, Wyoming, …

The paper says that a rate hike by the Fed will not curb inflation if spending remains high Read More »