The Fed's Prediction of a Recession

My pessimism on the economy and the stock market of late has not had anything to do with the underlying strength of the US economy. It's the Europeans and in particular the Germans that are going through their 1970s moment. So the three things I talked about as far as choke points were energy, agriculture, and weapons systems. All three of those are dominant sectors for the USeconomy. But where my pessimism and my concern about stock prices has arisen was around the likelihood that the Federal Reserve would create a recession.