The Class Dynamics of the Federal Reserve's Recession Program

The Class Dynamics of the Federal Reserve’s Recession Program

On Thursday, the Commerce Department announced that the US economy had contracted for the second consecutive quarter, entering a “technical recession”. Along with the economic contraction comes a series of layoffs that threaten to turn into a torrent as the economy slows further. This month, more than 30,000 layoffs took place in the technology sector …

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