Bloomberg
US · 1 hrs ago
◉ Centre
Zandi Says US Is ‘Uncomfortably Close’ to Recession
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Quality 45/100
Partisan intensity 35/100
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◉ Centre ⚠ Misleading headline
Moody's Analytics Chief Economist Mark Zandi warns that the US economy is vulnerable to recession, particularly if an Iran conflict escalates oil prices, and expresses concern that policymakers lack tools to prevent contraction.
Zandi Says US Is ‘Uncomfortably Close’ to Recession
Moody’s Analytics Chief Economist Mark Zandi says the war with Iran needs to end immediately or recession will become more likely than not. He says another jump in oil and gasoline prices could cause consumers to “pack it in,” pushing a fragile economy into contraction. Zandi also warns the Federal Reserve may not be in a position to rescue the economy, and says he does not see Congress or the administration coming to the rescue either. He speaks with Kailey Leinz and Joe Mathieu on the late edi
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