Georgia State forecaster says hold tight: Recession is imminent

The Federal Reserve’ s aggressive campaign to raise interest rates as a weapon against inflation is destined to slow growth, dampen consumer spending and spur layoffs in 2023, said Rajeev Dhawan, citing this week’ s comments by Fed Chairman Jerome Powell. Dhawan said next year will see several very weak quarters, but Georgia will still add about 52,200 jobs by the…