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Good morning. A US recession could be around the corner. Credit Suisse may face a probe. And Do Kwon rejects false-passport claim.
Recent bank turmoil has boosted the risk of a US recession, Neel Kashkari said. Asked by CBS if the strains could tip the economy into contraction, the Minneapolis Fed chief said, “it definitely brings us closer.” Also up in the air: a widespread credit crunch. It’s a shift for Kashkari, who in recent months had been an outspoken hawk favoring rate hikes.