The Fed 'desperately' wants to avoid a recession because it doesn't want to get blamed: Zandi | NYGazet

"Obviously nobody wants a recession. But also in the context of Fed independence, they really don't want to get blamed for going into a downturn because that would impair their ability."

In an interview with CNBC on Thursday, Moody’s Analytics chief economist Mark Zandi said recent job numbers have been so dismal that it’s possible the U.S. may already be in a recession. “I think the Federal Reserve desperately wants to avoid that ki... [2812 chars]