Is America Already in a Recession?

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The more that they have ti monetary policy, the more of an impact that's going to have on economic growth. So containing inflation means cooling the economy. And the risk there is that they overstep and cool the economy interecession. How do you rate that risk right now? Well, it's a real risk, and the risk is clearly getting higher.

America’s central bank has raised interest rates by three-quarters of a percentage point—its fourth rise this year. It is walking a fine line between cooling the economy and tipping the country into recession. Scientific results fundamental to more than a decade’s-worth of Alzheimer’s research may have been fabricated. For full access to print, digital and audio editions of The Economist, subscribe here www.economist.com/intelligenceoffer