US Recession?

    After the pandemic. economists thought the US was going to look like the roaring 20s. Though, the United States is doing economically good and economically bad. Our job growth is strong and our consumer consumption is looking positive. From looking on the outside, things seem to be looking pretty well. But our labor force is low and this whole Russia invasion has basically increased our gas prices here in the US. Gas is so expensive because energy bills are high from the war going on the other side of the earth. This is causing our inflation to be at an all time high since the 1980s.

    During times of inflation, businesses' will raise their prices to keep up with inflation, and workers will demand raises of wages to keep up with inflation. The problem is this only continues inflation. The President always takes credit for when the economy is booming. But when it is not doing good, he is the first to blame. But does he really have that much say in the economy. Sometimes the economy just works itself out on it's own. Recessions are good and bad. So what's the answer? Will Fed increase interest rates just enough so there is no recession, or will they increase it enough so there is a recession?

    To conclude, what's the direction for the US? When Ukraine and Russia are done fighting, will prices settle down? It's hard to say but it doesn't look good.

  https://hub.jhu.edu/2022/06/08/us-economy-rising-inflation-impending-recession/