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"The danger of triggering a recession right at the beginning of your presidency is pretty high".
He tightened rates in the latter part of 1959, triggering a recession that began in April 1960.
If America's deficit is to shrink without triggering a recession, the dollar will need to fall further.
"It's going to be tough to land this thing gently," he said, referring to attempts to slow America's rapid economic growth without triggering a recession.
Not content with causing the near-collapse of the global financial system and triggering a recession, many of these banks are still arrogantly rewarding their staff with obscenely bloated bonuses.
Addressing the National Association for Business Economics in September, she said, "Without further modest increases in the federal funds rate over time, there is a risk that the labor market could eventually become overheated, potentially creating an inflationary problem down the road that might be difficult to overcome without triggering a recession".
Similar(51)
Will people reduce their spending enough to trigger a recession?
But that doesn't mean that further UK stock market falls will trigger a recession.
The good news: it's not enough to trigger a recession although, the report says, eight out of the last 10 recessions were started by housing market slowdowns.
The head of the world's largest asset manager has warned that the UK's decision to leave the European Union will trigger a recession.
By John Cassidy June 29, 2016 The economically depressed regions that were most eager to leave the E.U. may have more to lose if their decision triggers a recession.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com