The Fed has admitted to the possibility of a recession as it tries to bring down inflation with its monetary policy tools. However, Fed Chairman Jerome Powell continues to bank on favorable economic conditions like a strong labor market and robust demand.
Furthermore, Jack Ablin, chief investment officer at Cresset Capital, said, “We’re calling for a small ‘r’ recession. It means it’s not going to be protracted, and things aren’t going to fall apart.”
