Should we worry about a recession? This is what U.S. officials say

Concerns that the U.S. economy will suffer a recession after a sharp rise in interest rates are "overblown," a Federal Reserve official said Thursday. This triggered forecasts that the U.S. economy would collapse. The U.S. is facing the biggest price h ikes in more than 40 years, particularly in food, fuel and housing, and the situation has been worsened by the war in…