The chairman of the Federal Reserve has said that costs are likely to rise, that unemployment is likely to go up. Some businesses are already handing out pink slips. Retirement accounts have taken a hit. Economists say if we continue down this road, a recession is inevitable. Mr. Fogel, do you agree that each of those outcomes is bad for American businesses? Senator, first of all, I'm not an economist and it's hard for me to. (01:31–01:37)
CLAIM
Asserts that economists predict a recession if current policies continue.
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