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Fed’s Kashkari: Recession possible, but high inflation would be worse

Fed’s Kashkari: Recession possible, but high inflation would be worse

© Reuters. FILE PHOTO: Minneapolis Fed President Neel Kashkari speaks during an interview at Reuters in New York February 17, 2016. REUTERS/Brendan McDermid (Reuters) – Minneapolis Federal Reserve Bank President Neel Kashkari on Tuesday said the Fed’s interest-rate hikes and a possible pullback in lending after two bank failures last month could trigger a recession,…