Top economist warns the U.S. is 'on the precipice of recession' — and it will be hard for the Fed to come to the rescue
- Posted on August 3, 2025
- By Fortune
- 1 Views

Top economist warns the U.S. is 'on the precipice of recession' — and it will be hard for the Fed to come to the rescue

"Consumer spending has flatlined, construction and manufacturing are contracting, and employment is set to fall."