An economic recession is on the horizon in the U.S. as the Federal Reserve makes an aggressive pivot to cool the hottest inflation in four decades, according to economists at Deutsche Bank.
makes an aggressive pivot to cool the hottest inflation in four decades, according to economists at Deutsche Bank.
Jerome Powell, chairman of the U.S. Federal Reserve, testifies during a Senate Banking, Housing, and Urban Affairs Committee hearing in Washington on March 3, 2022.
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