The Federal Reserve Building is seen through a fence on June 17, 2020 in Washington, DC. (Photo by Olivier DOULIERY / AFP) (Photo by OLIVIER DOULIERY/AFP via Getty Images)

Fed’s Own Economist Warns of “Severe Recession” From Chair Powell’s Rate Hikes

Federal Reserve Chair Jerome Powell insists he won’t cause a deep recession but that “pain” is necessary to fight inflation.

The Intercept