Declining U.S. and global economic growth, financial market turmoil and geopolitical tensions are fueling fears of an approaching recession.
But Wall Street analysts say such concerns are overblown, with most economists only predicting a U.S. slowdown rather than a prolonged slump.
The biggest threat to the American economy may be the escalating conflict between the U.S. and China.
CNBC contributor, Jim Iuorio, tells Dan & Amy that recessions are necessary and that is it not the Fed’s job to stop one :