Will the US Enter a Recession?

The transcript discusses the high likelihood of an upcoming recession, with economists predicting it may occur this year or next. It emphasizes the importance of stabilizing the energy market and the role of the Federal Reserve in controlling inflation. The central bank is expected to take significant actions to address persistent inflation, which is not considered transitory.

How do the economists view the likelihood of a recession in the near term?

What are the potential consequences of the current inflation situation?