Bill Dudley, Columnist

The Fed’s Wild Ride Has Just Begun

Is the US in a recession? Expect more volatility as markets and central bankers figure it out.

August 7, 2024 at 4:30 AM UTC

Bill Dudley is a Bloomberg Opinion columnist. A former president of the Federal Reserve Bank of New York, he is a member of Coinbase Global's advisory council.

More to come.
Photographer: Michael Nagle/Bloomberg

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Has the US Federal Reserve gone too far in its fight against inflation, tipping the world’s largest economy into a damaging recession?

This troubling question has shaken global markets out of a long period of calm. Expect more turbulence before an answer emerges.