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One of Biden's favorite economists sees a high chance of recession in next 2 years
Federal Reserve fighting inflation with a ‘limited set of tools’: Expert
Potomac Wealth founder and president Mark Avallone weighs in on inflation.
More economists are beginning to forecast a U.S. recession in the next two years as the Federal Reserve moves to rein in the hottest inflation in a decade – including one who is frequently cited by the Biden administration.
Moody's chief economist Mark Zandi – a well-respected economist who has often provided favorable analyses of the White House agenda – said during a webinar this week that he believes the odds of a recession within the next two years is somewhere around 35%.
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"The risk of the economy entering into a recession at some point over the next 12, 18, 24 months is very high, uncomfortably high. And I’d say rising," Zandi said.