Recession odds are ‘very high’ as economy looks poised to see an unemployment wave and plunging consumer spending, chief economist says

“Is it possible the Fed cuts rates very dramatically? Yes. But that’s only going to happen or most likely going to happen if there’s a recession.” …

“Is it possible the Fed cuts rates very dramatically? Yes. But that’s only going to happen or most likely going to happen if there’s a recession.” …

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