https://sputnikglobe.com/20230412/us-federal-reserve-sees-mild-recession-in-later-2023-recovery-in-2-years-1109448647.html
US Federal Reserve Sees ‘Mild Recession’ in Later 2023, Recovery in 2 Years
US Federal Reserve Sees ‘Mild Recession’ in Later 2023, Recovery in 2 Years
Sputnik International
Policymakers at the Federal Reserve have projected that the United States will experience a "mild recession" later this year that could take two years to overcome, minutes of the central bank’s policy meeting from March showed.
2023-04-12T18:34+0000
2023-04-12T18:34+0000
2023-04-12T19:32+0000
economy
us
us economy
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"Given their assessment of the potential economic effects of the recent banking-sector developments, the staff's projection at the time of the March meeting included a mild recession starting later this year, with a recovery over the subsequent two years," the minutes from the March 22 meeting said.
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US Federal Reserve Sees ‘Mild Recession’ in Later 2023, Recovery in 2 Years
18:34 GMT 12.04.2023 (Updated: 19:32 GMT 12.04.2023) WASHINGTON (Sputnik) - Policymakers at the Federal Reserve have projected that the United States will experience a "mild recession" later this year that could take two years to overcome, minutes of the central bank’s policy meeting from March showed.
"Given their assessment of the potential economic effects of the recent banking-sector developments, the staff's projection at the time of the March meeting included a mild recession starting later this year, with a recovery over the subsequent two years," the minutes from the March 22 meeting said.
