Morgan Stanley CEO issues odds on whether US will fall into recession: 'It’s going to be bumpy'

Posted on AllSides June 15th, 2022
From The Right
Simon Dawson/Bloomberg via Getty Images

Morgan Stanley CEO James Gorman disclosed Monday that he believes the United States is at risk of recession, placing the probability at 50%.

"It’s possible we go into recession, obviously, probably 50-50 odds now," said Gorman, who was speaking at a conference hosted by his bank.

Gorman also appeared to take a shot at the White House, explaining that "it was inevitable this inflation was not transitory." The Biden administration claimed for months, beginning last year and into the early part of 2022, that inflation was transitory. But the heated economy always had a...

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