Concerns that interest rate hikes will slow economy into recession

Concerns that interest rate hikes will slow economy into recession
- June 18, 2022
- Eric Swanson, economics, KCBS, June 18, 2022 (Video)
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Kandiss Crone reports on how focus has shifted to whether the Federal Reserve’s interest rate hike will actually bring down inflation or risk a recession by slowing the economy. Experts weighing in on the issue include UCI professor of economics, Eric Swanson: “For the inflation, in particular, there’s a lot of demand. Supply has still not completely bounced back to where it was before the pandemic – there’s still a lot of supply chain disruptions coming from China, for instance.”
For the full story, please visit https://www.cbsnews.com/losangeles/video/concerns-that-interest-rate-hikes-will-slow-economy-into-recession/#x.
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