Former Fed Vice Chair Randal Quarles Says U.S. Likely to Suffer Recession

https://www.bloomberg.com/news/articles/2022-05-03/ex-fed-vice-chair-quarles-says-u-s-likely-to-suffer-recession
The U.S. economy will probably fall into a recession as the Federal Reserve combats multidecade-high inflation, Randal Quarles, the Fed’s former vice chair for supervision, said.