Is the Federal Reserve in a Recession?

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The fed o increased interest rates another three three quarters of a percentage point. Yesterday, jerome powell said that i do not think the us. Is currling in a recession. There're just too many ares in the economy that are performing too well. And so if you have very smart people saying, look at this moment, i don't think we're in a recession, how helpful is it for us to fixate on whether we are technically in a recession or technically not?

The US economy has shrunk for two consecutive quarters. That’s technically a recession. But economists aren’t so sure we’re actually in one. Madeleine Ngo and Jacob Goldstein explain.

This episode was produced by Avishay Artsy and Miles Bryan, edited by Matt Collette, fact-checked by Laura Bullard, engineered by Efim Shapiro, and hosted by Noel King.

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