Despite President Joe Biden's repeated reassurances, talk of a recession is surging in Washington and on Wall Street, Politico reported Monday.
WASHINGTON - JANUARY 22: The Federal Reserve building is seen January 22, 2008 in Washington, DC.
As for leaders in finance and industry,"Wall Street analysts are increasingly building it into their forecasts. And business leaders have rapidly moved from muted fears to openly chattering about an economic slump during investor discussions and inside their companies." "Michael Feroli, the chief U.S. economist at JPMorgan Chase, said a downturn could even start as soon as this quarter, with recent data showing that consumer spending — the biggest driver of GDP — is beginning to slow," she wrote.
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