The Federal Reserve’s efforts to reduce inflation are raising the possibility of higher unemployment, slower economic growth and a recession, prospects that could create new headaches for the Biden administration. .
As the country enters midterm election season, much of the political discussion focuses on solid economic growth and strong jobs versus the damaging effects of inflation. More recently, warnings about the prospect of a recession – which could arrive in 2023 by some estimates – have complicated the economic picture in a new way.
https://www.wsj.com/articles/rising-risk-of-recession-creates-new-headache-for-biden-11653211800?mod=pls_whats_news_us_business_f Rising Risk of Recession Creates New Headache for Biden