Sam says the US is “uncomfortably close” to a recession - he also points out that calm is important
2024/8/6 2:35 JST (some excerpts)
The possibility that the US economy is currently in recession is extremely low
It's good that the FRB is cautious; there is “quite a bit” of room for action
Former US Federal Reserve (FRB) economist Claudia Sahm stated that the US has not yet fallen into a recession (recession), but is “uncomfortably close” to it. Also, US financial officials expressed the view that there is a possibility that the approach will be adjusted in order to take increased risks into account.
Mr. Sahm stated on the Bloomberg Television program that “in the past, such an increase in the unemployment rate was consistent with the beginning of the recession” about the unexpected rise in the unemployment rate according to the July employment statistics. “We may not be in that situation, but we are getting uncomfortably close to that situation,” he said.
The possibility that the US economy is currently in recession is extremely low
It's good that the FRB is cautious; there is “quite a bit” of room for action
Former US Federal Reserve (FRB) economist Claudia Sahm stated that the US has not yet fallen into a recession (recession), but is “uncomfortably close” to it. Also, US financial officials expressed the view that there is a possibility that the approach will be adjusted in order to take increased risks into account.
Mr. Sahm stated on the Bloomberg Television program that “in the past, such an increase in the unemployment rate was consistent with the beginning of the recession” about the unexpected rise in the unemployment rate according to the July employment statistics. “We may not be in that situation, but we are getting uncomfortably close to that situation,” he said.
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