Recession or Prolonged Inflation: The Fed Must Decide Between Two Policy Mist...
Allianz Chief Economic Advisor Mohamed El-Erian says the Federal Reserve will have to “decide between two policy mistakes.” One risks triggering a recession and the other could prolong inflation well into 2023. “I think the time has passed for a soft landing,” the economist stressed. Mohamed El-Erian on Inflation, Recession, and the U.S. Economy Economist Mohamed El-Erian discussed where the U.S. economy is headed and the Federal Reserve’s plan to bring inflation under control in an interview with Bloomberg Friday. El-Erian is Chief....
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Citadel CEO Ken Griffin says inflation may have peaked but a recession is coming. “We’re in a very uncertain time for investors,” the executive cautioned, adding that the Federal Reserve “is grappling with a level of inflation we haven’t seen in a long time.”
Citadel’s Ken Griffin on U.S. Economy, Inflation, Recession, and Cryptocurrency
Kenneth Griffin, founder and CEO of global investment firm Citadel, shared his views on a variety of topics, including the U.S. economy and cryptocurrency, at the CNBC Delivering Alpha conference....
President Joe Biden and Treasury Secretary Janet Yellen say that a U.S. recession is not inevitable, dismissing the concerns of many economists who have predicted an upcoming recession. In addition, Biden insisted that the U.S. will “overcome this inflation” while Yellen admitted that “inflation is unacceptably high.”
Biden: U.S. Recession Isn’t Inevitable
President Joe Biden reiterated to reporters Monday in Rehoboth Beach, Delaware, that a U.S. recession is not “inevitable.”
Asking Biden about a potential recession, a....
Tesla and Spacex CEO Elon Musk says that the U.S. economy is probably in a recession and it could be “tough going” for 12 to 18 months. He added: “The honest reason for inflation is that the government printed a zillion more money than it had.”
Elon Musk on U.S. Recession and Inflation
Elon Musk, the CEO of Tesla and Spacex, talked about the U.S. economy on the All-In podcast, published Monday.
Commenting on whether the U.S. economy is in a recession, Musk said:
We probably are in a recession and that recession will get worse but these....
Goldman Sachs’ economists now see an increased risk of a U.S. recession. “We are increasingly concerned that the Fed will feel compelled to respond forcefully to high headline inflation and consumer inflation expectations if energy prices rise further, even if activity slows sharply,” they explained. Goldman Sachs on Increased Risk of Recession Goldman Sachs’ economists, led by chief economist Jan Hatzius, explained in a note Monday that the global investment bank has cut its growth forecasts for the U.S. economy, warning that the risk of a recession is rising,....
Tesla CEO Elon Musk believes inflation has peaked and the U.S. economy will be in a recession for about 18 months. “We do get a fair bit of insight into where prices of things are going over time,” the billionaire explained, noting that “inflation is going to drop rapidly.”
Elon Musk Explains Why He Thinks Inflation Has Peaked and Recession Will Last 18 Months
Tesla and Spacex CEO Elon Musk shared his view on the U.S. economy, inflation, and recession during Tesla’s 2022 annual meeting of stockholders Thursday.
Replying to a....