​​Fed's Kashkari: Recession possible, but high inflation would | Business Finance News USA Edition

​​Fed's Kashkari: Recession possible, but high inflation would be worse

Minneapolis Federal Reserve Bank President Neel Kashkari on Tuesday said the Fed's interest-rate hikes and a possible pullback in lending after two bank failures last month could trigger a recession, but allowing inflation to stay high would be even worse for the labor market.

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