Quibbling over what makes for a recession
Democrats and Republicans argue about what constitutes a U-S recession. In a statement today Jeff Duncan, 3rd District U-S representative, says, “GDP (Gross Domestic Product) has shrunk for the second consecutive quarter, and the American economy now meets the generally accepted standards for a recession.” The Fed Chair, Jerome Powell, explaining the rate increase of .75%, said, “I do not […]
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