Concerns that interest rate hikes will slow economy into recession
- June 18, 2022
- Eric Swanson, economics, KCBS, June 18, 2022 (Video)
Kandiss Crone reports on how focus has shifted to whether the Federal Reserve’s interest rate hike will actually bring down inflation or risk a recession by slowing the economy. Experts weighing in on the issue include UCI professor of economics, Eric Swanson: “For the inflation, in particular, there’s a lot of demand. Supply has still not completely bounced back to where it was before the pandemic – there’s still a lot of supply chain disruptions coming from China, for instance.”
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