On the recordJuly 23, 2022
A recession is a broad-based contraction that affects many sectors of the economy. We just don't have that.
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nbcnews.comA recession is a broad-based contraction that affects many sectors of the economy. We just don't have that.
Janet Yellen discusses the current economic situation and emphasizes that the economy is not in a recession despite some signs of slowing.
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He will oppose any tax increases on families earning under $400,000 at the same time that he will oppose keeping in place benefits that went to the wealthy.
The most recent and optimistic estimate I’ve seen suggested that the average household will see on the order of $1,000 reduction in income.
I would expect inflation, on a year-over-year basis of this year, to shoot up to at least 3%, or slightly over, because of the tariffs.