At the core of the debate among economists and policymakers is a fundamental question with massive implications for America's future: Which is worse — inflation, or a recession?
New York The US economy is on a knife's edge, potentially already in a recession after a second quarter of shrinking activity. But indicators are mixed, fueling uncertainty about the way forward.
At the core of the debate among economists and policymakers is a fundamental question with massive implications for America's future: Which is worse — inflation, or a recession?No one seems to agree on way or another.By aggressively raising interest rates, the Federal Reserve is making a big wager that recession is worth the risk if it takes the heat off of consumer prices, which are rising at their fastest pace in four decades.
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