US economy may go into recession, warns Krugman

Nobel laureate Paul Krugman said the US economy may be heading into a recession at a time when the US Federal Reserve doesn’t have the firepower to properly combat a slump.

US economy may go into recession, warns Krugman

Nobel laureate Paul Krugman said the US economy may be heading into a recession at a time when the US Federal Reserve doesn’t have the firepower to properly combat a slump.

“There seems to be an accumulation of smaller problems and the underlying backdrop is that we have no good policy response,” he said in an interview in Dubai.

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