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Published on: June 23, 2022 at
Bill Dudley Sees Mild, Not Deep US Recession
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Bill Dudley Sees Mild, Not Deep US Recession
Former Federal Reserve Bank of New York President Bill Dudley says the US economy will experience a "mild" downturn as the Federal Reserve tightens policy to reign in inflation. "You really get a deep downturn when things in the financial system break -- I don't expect that to happen this time," Dudley says on Bloomberg Television. "I would expect a mild recession like 1990 or 2001, not a deep recession like '73-'74."
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