Bloomberg Wealth: Learning From Past Recession Mistakes
Federal Reserve Chair Jerome Powell holds a news conference following the FOMC rate decision on Wednesday.
Photographer: Ting Shen/BloombergThe last time a recession loomed over the US economy, I was still in middle school.
Although technically the 2020 pandemic meltdown qualified as a recession according to the wonky group that decides these things, it’s been a while since investors have had to grapple with predictions of coming pain and prepare their portfolios accordingly.