Janet Yellen, Elon Musk Warns Severe Recession, Will Crypto Crash Again?

U.S. Treasury Secretary Janet Yellen and business magnate Elon Musk warn the U.S. economy is at risk of a severe recession. Despite recent inflation and jobs data indicating less probability of a recession, Janet Yellen believes high interest rates put recession at increased risk. Meanwhile, Elon Musk asserts severe recession could exist for many months and cause companies to do huge cost-cutting.