Bill Dudley, the former president of the Federal Reserve Bank of New York, told CNN in August that he believes a full-blown recession is 'almost certainly' coming. Dudley is pictured here in New York in 2018.
Mandatory Credit:	Christopher Goodney/Bloomberg/Getty Images

Bill Dudley, the former president of the Federal Reserve Bank of New York, told CNN in August that he believes a full-blown recession is 'almost certainly' coming. Dudley is pictured here in New York in 2018.
Mandatory Credit: Christopher Goodney/Bloomberg/Getty Images

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Ex-Fed insider: A full-blown recession is 'almost certainly' coming

The Federal Reserve's war on inflation will eventually kill the economic recovery from Covid-19, former Fed official Bill Dudley warns.