Former Federal Reserve Chair Janet Yellen doesn't anticipate a recession in the next year, but cited two factors in why she thinks "odds of a recession are higher than normal," CNBC reported.
Yellen pointed to growing wealth inequality and the US-China trade war as critical drivers of a potential downturn.
Both factors drag on consumer spending through higher prices from tariffs and diminished purchasing power. A drop in consumer spending can kick off an economic contraction as companies see...
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