Bank stress brings U.S. closer to recession, Kashkari says

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Recent stress in the banking sector and the possibility of a follow-on credit crunch brings the U.S. closer to recession, Minneapolis Fed president Neel Kashkari said Sunday in comments to CBS show Face the Nation.

"It definitely brings us closer," Kashkari said. "What's unclear for us is how much of these banking stresses are leading to a widespread credit crunch. That credit crunch . would then slow down the economy.

"It definitely brings us closer," Kashkari said. "What's unclear for us is how much of these banking stresses are leading to a widespread credit crunch. That credit crunch ... would then slow down the economy. This is something we are monitoring very, very closely."
 

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neelkashkari is clueless.

History Money

Then start decreasing rates

They have been trying to talk us into a recession for how long. None of them know. Stop giving them amplification.

Closer? Been in recession since Covid. On our way to depression

Inflation won't go away without a recession.

a-hole supreme. 🤮

Got Bitcoin?

neelkashkari you should do another AMA (ask me anything) on Twitter!

try alternative like this that's two hundred back in your pocket a month. Think!

no way

Maybe he is oblivious to reality but we are in a recession and NOW ON THE BRINK OF A DEPRESSION WORSE THEN THE ONE THEY CAUSED IN 1929

You can't be closer to where you already are

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