Surveillance: Hawkish Fed Sparks Recession Fears
Bloomberg Surveillance
00:00
Is This a Recession?
I don't see this as a recession. We're clearly not in a recession right now, based on the data. It is an economy that is growing only modestly and I think it's an economy that's really seeing the imbalance between supply and demand and diminishing inflation coming down. Consumer spending has been kind of jumping around a bit, months and months, quarter to quarter. But we just have to go through all that data and really see kind of the underlying strength in the economy.
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