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News => Epoch Times => Topic started by: Epoch-Times-Bot on Jan 03, 2023, 03:30 PM

Title: US Recession Is the ‘Most Likely Outcome,’ Says Ex-Federal Reserve Chief Alan Greenspan
Post by: Epoch-Times-Bot on Jan 03, 2023, 03:30 PM
US Recession Is the 'Most Likely Outcome,' Says Ex-Federal Reserve Chief Alan Greenspan

The U.S. slipping into a recession is the “most likely outcome,” says former Federal Reserve chair Alan Greenspan.
Greenspan, who is now the senior economic adviser at Advisors Capital Management, stated in a year-end question-and-answer commentary posted on the firm’s website on Tuesday that even a pivot by the central bank would not be “substantial enough to avoid at least a mild recession.”
Despite the last couple of inflation reports showing a deceleration in the pace of price hikes, Greenspan noted that “it does not change the fact that prices are still increasing.”
“[O]fficial inflation numbers could remain tame in the near term owing solely to the methodology by which they are measured, most notably housing costs,” Greenspan stated. “However, I don't think it will warrant a Fed reversal that is substantial enough to avoid at least a mild recession. Wage increases, and by extension employment, still need to soften further for a pullback in inflation to be anything more than transitory. So, we may have a brief period of calm on the inflation front, but I think it will be too little too late.”...

Source: US Recession Is the 'Most Likely Outcome,' Says Ex-Federal Reserve Chief Alan Greenspan (https://www.theepochtimes.com/us-recession-is-the-most-likely-outcome-says-ex-federal-reserve-chief-alan-greenspan_4959807.html)
Title: Re: US Recession Is the ‘Most Likely Outcome,’ Says Ex-Federal Reserve Chief Alan Greenspan
Post by: xenzol on Jun 29, 2024, 02:23 PM
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Title: Re: US Recession Is the ‘Most Likely Outcome,’ Says Ex-Federal Reserve Chief Alan Greenspan
Post by: xenzol on Aug 29, 2024, 07:23 AM
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