Former Treasury Secretary sends strong message on economy
The former co-chair of one the biggest investment banks offered a blunt take on what's next.
Economists and market watchers are sounding the alarm on recession risk. The reason? Sticky inflation and tumbling consumer confidence.
In January, inflation was 3% up from one year ago, an acceleration from 2.4% in September. Meanwhile, the Conference Board's Consumer Confidence Survey showed the steepest decline since 2021.
