Team Recession’s Setback

I’m Chris Anstey, a senior editor for economic policy in Boston, and today I’m looking at the impaired arguments for an imminent US recession. Send us feedback and tips to ecodaily@blooomberg.net or tweet to @economics. And if you aren’t yet signed up to receive this newsletter, you can do so here.

Last year saw the come-uppance of “Team Transitory” — economists and policymakers who had anticipated the surge in consumer prices that began in spring 2021 would be short-lived turned out to be wrong, as Treasury Secretary Janet Yellen herself acknowledged.