Woodford Fears US Recession

Fund manager Neil Woodford thinks a switch from quantitative easing to quantitative tightening is likely to "exert deflationary pressure on the US economy"

David Brenchley 5 June, 2018 | 12:44AM

Jerome Powell, US Federal Reserve, US recession, Neil Woodford

Central bankers in the US and Europe are at risk of making “a significant policy error” that could lead to a recession, according to fund manager Neil Woodford.

While the prospect for a recession in the US by 2020 has been speculated for a while now, many less bearish commentators have been consoled by the US Federal Reserve’s insistence that their withdrawal of quantitative easing and interest rate hiking cycle will be slow and steady.

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David Brenchley

David Brenchley  is a Reporter for Morningstar.co.uk

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