Atlanta Fed chief Dennis Lockhart says the risk of a new recession has gone up as of late, as...

|By:, SA News Editor

Atlanta Fed chief Dennis Lockhart says the risk of a new recession has gone up as of late, as market volatility threatens to hurt consumer spending, but doesn't expect the U.S. economy to contract. Lockhart sees "no lack of liquidity" in the U.S. banking system, but notes the existence of "stress" in the world of money market funds.