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US probably in recession – ex-Fed insider
source : Russia Today ( News ) () 42
The downturn could have started sometime around last October, a former Federal Reserve advisor has said The United States may already be in a “plain vanilla recession,” a former advisor to the Federal Reserve Bank of Dallas, Danielle DiMartino Booth, told CNBC on Monday. The statement comes as world stock markets nosedive over fears the US economy is weakening. A cyclical or plain vanilla recession is one of the two types of demand-driven recession. These typically follow periods of policy tightening that are aimed at staunching excess demand or inflation problems. According to DiMartino Booth, CEO and chief strat

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