If You Are Listening: An Important Message for Fed Chair Powell

Former Global Chief Economist for JPMorgan Chase & PH.D in Economics

More people are jumping on the “We are already in a recession” bandwagon since the BEA (Bureau of Economic Analysis) estimated that real GDP contracted by -1.6% in Q1:2022, and the Fed began raising policy rates. Aggressive monetary tightening cycles geared towards controlling rampant inflation pressures have often triggered U.S. recessions as interest-…