Deep recessions ‘not only possible but probable’ -Fed’s Williams

The severe sort of recession that hit the United States in 2007-2009 is not that rare historically, a top Federal Reserve official said on Thursday, suggesting policymakers need to better understand how to operate with interest rates at rock bottom. San Francisco Fed President John Williams prese…

The rest is here: 
Deep recessions ‘not only possible but probable’ -Fed’s Williams

Leave a Reply