(Reuters) – The Federal Reserve’s pledge to raise interest rates to bring inflation back to its 2 percent target won’t necessarily lead to a severe economic downturn and brought some “Recession is clearly a risk,” said Thomas Barkin, president of the Federal Reserve Bank of Canada, at an event for the Huntington, West Virginia, area chamber of commerce. “It doesn’t have to be like a 2008 recession. It doesn’t have to be catastrophic, we’re out of balance today… A return to normal could actually mean products are on the shelves and cars are fully stocked in parking lots and restaurants.”
