From the WSJ Weekly Update (Economists Raise the Odds of a Recession to 49%):
SUMMARY: Economists gave Fed chief Bernanke the lowest grade of his two-year tenure, in the latest Wall Street Journal forecasting survey, and said a recession is becoming more likely.
QUESTIONS:
- Why have economists recently raised the odds of a recession?
- What are the chances that a recession, if it occurs, will be more severe than the last recession?
- Do economists expect further Fed rate cuts?
- What explains the drop in economists' rating of Fed chair Bernanke?
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