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Federal Reserve Official Warns of Rising Recession Risk
Federal Reserve Official Warns of Rising Recession Risk
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Neel Kashkari, President of the Minneapolis Federal Reserve, has raised alarms about the growing risk of a U.S. recession. In a CNBC interview, Kashkari highlighted how economic uncertainties are stifling business investments, particularly due to unresolved trade tax policies. Companies are delaying capital expenditures, adopting a wait-and-see approach that could exacerbate economic stagnation.
Stagflation concerns are mounting. Austan Goolsbee of the Chicago Fed recently cautioned that current economic policies might lead to a toxic mix of stagnant growth, high inflation, and rising unemployment. Such conditions could destabilize markets, including cryptocurrency ecosystems tied to macroeconomic sentiment.
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