Former top official of the Federal Reserve Bank of New York and current columnist for Bloomberg Opinion, Bill Dudley, cautions against expecting a soft landing for the US economy, predicting instead a looming recession in the medium term due to the Federal Reserve’s tightening policies. Speaking on “Bloomberg Surveillance,” Dudley highlights the historical trend indicating a recession whenever the Fed has increased the unemployment rate by more than half a percentage point. He asserts, “I don’t foresee any different outcome this time.” It is important to note that Dudley’s views represent his personal insights.
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Source: YouTube/Bloomberg Television
