Jason Furman, former Chairman of the White House Council of Economic Advisers during Barack Obama‘s tenure, dismissed fears of an imminent U.S. recession but urges the Federal Reserve to act decisively if unemployment rises. What Happened: On Thursday, Furman spoke during CNBC’s “Squawk Box” to express his views on the current economic climate, highlighting that panicking with “emergency rate cuts” is not required at the moment. “The odds are we are not going to have a recession…it’s just that inflation is about half a point above where it should be. The unemployment rate is rising. I think in…
