From Inflation to Recession – The What, How, and Why?
More and more economists are predicting we are heading into a recession. At an Ethnic Media Services briefing, held June 8, experts – Chad Stone, Chief Economist of the Center for Budget and Policy Priorities; Alix Gould-Werth, Director of Family Economic Security Policy, Washington Center for Equitable Growth; Dr. Rakeen Mabud, Chief Economist and Managing Director of Policy and Research, Groundwork Collaborative – discussed how and why inflation can turn into a recession; what people can do to prepare for it; how strong the safety net is and why is this happening at a time when corporations report record margins of profit.