In 1975, C. Fred Bergsten, an expert on international finance, wrote The Dilemmas of the Dollar. Bergsten discussed the post-1945 monetary system and floating exchange rates, but he focused on the weak dollar, which was contributing to inflation and a poor economy. Economic policy failure by Presidents Lyndon Johnson, Richard Nixon, and Gerald Ford, as well as the Federal Reserve, had caused a collapse in the dollar.
CAMBRIDGE The latest figures from the Bureau of Economic Analysis (BEA) show that the US economy has experienced two consecutive quarters of negative real (inflation-adjusted) GDP growth. That accords with a popular definition of a recession. But economists have noted that any official declaration of a US recession must come instead from the National Bureau of Economic
Yes, the US economy is likely in recession jordantimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from jordantimes.com Daily Mail and Mail on Sunday newspapers.