Federal Reserve Bank of Minneapolis President Neel Kashkari said recent bank turmoil has increased the risk of a US recession but that it was too soon to judge what it means for the economy and monetary policy.
Asked on Sunday during an interview on CBS’s “Face the Nation” if the strains could tip the country into a recession, he said, “It definitely brings us closer.”
Source : Fed Official Kashkari Warns of Recession Risk Amid Bank Strains