Last updated Nov 29, 2025
economy
The U.S. economy will enter a recession in the near term as the Federal Reserve tightens policy to combat inflation.
And this is a bunch of bad options. I think, you know, we are going to have a recession.View on YouTube
Explanation

Using the standard U.S. benchmarks, this prediction has not come true.

  • Official recession dating (NBER): The National Bureau of Economic Research’s Business Cycle Dating Committee shows the last U.S. recession ended in April 2020, with expansion ongoing from May 2020 onward and no new peaks or troughs announced since then.(nber.org) Quarterly NBER-based recession indicator data likewise remain at 0 ("no recession") through at least Q3 2025.(ycharts.com)
  • GDP performance: BEA data show real GDP grew in 2022, 2023, and 2024 (about 1.9%, 2.5%, and 2.8% respectively), with solid positive quarterly growth from mid‑2022 through end‑2024.(apps.bea.gov) A compiled quarterly series shows only one negative quarter after the pandemic (Q1 2025 at –0.3%), with preceding and subsequent quarters positive, so even the "two consecutive negative quarters" rule of thumb is not met in the period after the June 24, 2022 prediction.(visualcapitalist.com)
  • Contemporary assessments: Major forecasters and analysts have repeatedly characterized the outcome as a soft landing or continued expansion rather than a recession, noting that the economy “defied recession fears” and remained on course for growth despite aggressive Fed tightening.(goldmansachs.com)

Given that more than three years have passed since the June 2022 prediction, the Fed did tighten aggressively, and yet no NBER‑defined recession or broadly recognized downturn occurred in the “near term” afterward, the best judgment is that Sacks’s call for an imminent U.S. recession was wrong.