Who decides if the US is in a recession? Eight economists you’ve never heard of

Written by on June 30, 2022

That's because, in the United States, the economy isn't broadly and officially considered to be in a recession until a relatively unknown group of eight economists says so.

There is a clear lack of racial diversity amongst the eight members, who are experts in macroeconomics and business cycle research. Each is over 60 years old, and they are all associated with prestigious universities. The group includes two women, one of whom is married to another member.

I shall not attempt to define recession, but I know it when I see it



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