Recession Getting Bigger, Fed in a 'Fog': Hugh Hendry

The video discusses the Federal Reserve's challenges, including criticism of its economic policies and interest rate hikes. It highlights the impact of inflation and supply shocks, using Amazon's inventory issues as an example. The video concludes with a discussion on economic indicators, such as GDP decline and recession concerns.

What metaphor does the speaker use to describe the economic situation?

What is the speaker's perspective on the Fed's response to the recession?