Worth listening to the interview in full (and ignoring the headline). Krugman: A recession seems possible now. I'm most worried that we raised interest rates t

Worth listening to the interview in full (and ignoring the headline). Krugman: A recession seems possible now. I'm most worried that we raised interest rates too soon and won't be able to lower them enough to restart economy. Also current administration isn't super competent, if something complicated happened they would make mistakes. Headline writer: Krugman promises recession. Don't just read the headline, dig in to what the competent people are actually saying. Some details: The federal funds rate in mid 2007 was 5.25%, it's now at 2.4%. (https://fred.stlouisfed.org/series/FEDFUNDS https://fred.stlouisfed.org/series/FEDFUNDS). Also the Bush administration gets a lot of hate, but his and then Obama's economic team did an awesome job managing something that could have been very very bad.