Inflation keeps rising at rates not seen in the United States in 40 years. The Federal Reserve continues to raise interest rates in an attempt to get prices under control. Meanwhile, global markets are experiencing significant instability and decline, as investor sentiment grows more and more pessimistic.
With central bankers and policymakers doing what they can to ease inflation—all while the war in Ukraine continues to disrupt global economic activity—is a global recession in 2023 inevitable, or is there light at the end of the tunnel? Leading economic experts discussed these topics at this year’s Economic Outlook in Chicago on January 10. Read our recap article to get top takeaways from the event.
Wenxin Du is financial research adviser at the Federal Reserve Bank of New York. Prior to joining Booth, Du was principal economist at the Board of Governors of the Federal Reserve System, where she was responsible for monitoring and analyzing developments in international financial markets for the FOMC. She was also a central bank research fellow at the Bank for International Settlements in Basel, Switzerland.
Wenxin Du
Randall S. Kroszner served as a governor of the Federal Reserve System from 2006 until 2009. He chaired the committee on Supervision and Regulation of Banking Institutions and the committee on Consumer and Community Affairs. He took a leading role in developing responses to the financial crisis and in undertaking new initiatives to improve consumer protection and disclosure.
Randall S. Kroszner
Raghuram G. Rajan was the 23rd governor of the Reserve Bank of India from September 2013 to September 2016. Between 2003 and 2006, he was the chief economist and director of research at the International Monetary Fund. Rajan’s research interests are in banking, corporate finance, and economic development, especially the role played by finance.
Kathleen Hays covers the US and global economy and the policy makers who run them. As one of the top economics reporters and anchors in the country, she has covered the Federal Reserve for more than 30 years at Reuters, Investors Business Daily, CNBC, CNN, and Bloomberg TV and Radio. More recently she expanded her reporting and interviews to include not only top Fed officials but also top central bankers in Asia, Europe, and emerging markets. She can be seen, heard, and read on Kathleen Hays Presents: Central Bank Central at Substack.com.
Kathleen Hays
