Chicago Fed President Austan Goolsbee said Friday that a mild recession is definitely a possibility.
The U.S. economy could slip into recession given the fast pace of interest rate rates over the past year, said Chicago Fed President Austan Goolsbee on Friday.
At... The U.S. economy could slip into recession given the fast pace of interest rate rates over the past year, said Chicago Fed President Austan Goolsbee on Friday. At the same time, while inflation is coming down, there is “clear stickiness” in some categories of prices, he said. The Chicago Fed president, who is a voting member of the Fed’s interest rate committee, said he wanted to see more data before deciding what to do at the Fed’s next meeting on May 2-3 .
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