Recession and Depression – Page 28

U.S. Economy Shows Another Decline, Fanning Recession Fears

Gross domestic product, in an initial reading, fell 0.2 percent in the second quarter. President Biden said any troubles would be transitory.

Speaking at a news conference, Ms. Yellen said that she did not believe the U.S. was in a recession

The news on prices is surprisingly good.

The central bank raised rates by three-quarters of a percentage point and suggested additional large increases could be warranted.