The looming recession will stop short of a full-blown financial crisis because the Fed is still in control, ex-NY Fed chief Bill Dudley says

Jan 3 2023 by Business Insider

 
Bill Dudley.

Victoria Jones/Pool via REUTERS

A looming economic recession won't spiral into a full blown financial crisis, according to ex-NY Fed chief Bill Dudley.That's because the recession, which is "pretty likely" according to Dudley, will be induced by the Fed."I think this is a recession where the Fed has the controls, when they need to ease they can do so," Dudley said.

A looming economic recession is "pretty likely," according to former New York Fed President Bill Dudley, but that...

Continue Reading The looming recession will stop short of a full-blown financial crisis because the Fed is still in control, ex-NY Fed chief Bill Dudley says