Is the economy in a recession? ‘What you call it is less relevant,’ says one economist: Here’s ‘what really matters’

Financial

  There’s a lot of speculation lately about whether the U.S. is officially in a recession. Both President Joe Biden and Federal Reserve Chair Jerome Powell said we’re not there just yet, pointing to the strong labor market and rising wages. The official declaration typically comes from the National Bureau of Economic Research, and it…

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