A 2023 recession is 'inevitable' as the war on inflation slows down the economy, former New York Fed president says

  • A 2023 recession is 'inevitable' as the war on inflation slows down the economy, former New York Fed president says

    Posted by on June 23, 2022 at 9:20 AM

    Former president of the Federal Reserve Bank of New York, Bill Dudley, speaks during the Bank of England Markets Forum 2018 event at Bloomberg in central London on May 24, 2018.

    It's "inevitable" that the US enters a recession in 2023, former NY Fed Pres. Bill Dudley said Wednesday. The recovery will last through 2022, but rising interest rates will tank demand, he added. Dudley's column comes as inflation holds strong and recession fears hit a fever pitch.

    Bill Dudley, former president of the Federal Reserve Bank of New York, has seen enough. After repeatedly warning that the Fed moved too late to fight inflation, Dudley

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