Federal Reserve On Cusp Of Achieving The Impossible: Defeating Inflation Without Recession theyeshivaworld.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theyeshivaworld.com Daily Mail and Mail on Sunday newspapers.
The economy keeps growing, defying widespread fears from a year ago that 2023 would bring a recession, a consequence of the much higher borrowing rates the Fed engineered.
It was the most painful inflation Americans had experienced since 1981, when “The Dukes of Hazzard” and “The Jeffersons” were topping the TV charts. Yet the Federal Reserve now seems on the verge of defeating it — and without the surge in unemployment and the deep recession that many economists…
WASHINGTON (AP) It was the most painful inflation Americans had experienced since 1981, when "The Dukes of Hazzard" and "The Jeffersons" were topping the TV charts. Yet the Federal Reserve now seems on the verge of defeating it and without the surge in unemployment and the deep recession that many economists had predicted would accompany it.