Goldman's Blankfein Says US Should Prepare for Recession

The video discusses the high economic risks and the Federal Reserve's tools to manage them. It highlights the need for companies and consumers to be prepared for potential downturns. The discussion shifts to market volatility, with a focus on bonds as a hedge against economic slowdown and recession. Despite recent market sell-offs, investors are turning to bonds, seeing them as a strategic investment amid the Fed's aggressive tightening measures.

In what ways should consumers and companies prepare for the potential risks discussed?

What is the significance of the Fed's actions as mentioned in the text?