Economist Says There S 65 Chance Of Recession As Bitcoin Extends Losses Below 30K
Speaking during an interview with Kitco News, Hanke stated that chances of a recession stand at around 65% although he did not highlight any specific timelines noting that it all depends on the Federal Reserve. This comes after the inflation rate hit a record high of 8.6%, with pressure mounting on the Fed to intervene. The Fed faulted for mistakes According to the economist, the Fed is fully responsible for the inflation situation, stating that while enacting previous measures, especially on printing money, the institution had no idea how it might turn out....