Fed's Kashkari says stress in banking sector brings the U.S. closer to recession

Fed's Kashkari says stress in banking sector brings the U.S. closer to recession

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"It definitely brings us closer right now" — that was Minneapolis Fed President Neel Kashkari's response to a question, during a CBS "Face The Nation" interview, on whether the latest turmoil in the banking sector could bring the U.S. closer to a recession. "What's unclear for us is how much of…

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