In the worst case, higher interest rates would push the economy into recession.
The price of oil declined and pushed Texas into a recession.
But higher interest rates could also push the economy deeper into recession.
Such a flight would drive up interest rates, pushing the economy into recession.
If that occurs, the country could be pushed into deep recession.
But higher interest rates pushed the economy into recession, throwing three million Americans out of work.
I don't think they can be implemented without pushing the economy into a recession,' he said.
The risk is that higher borrowing costs could push the economy into recession.
Events in the late 1990s pushed Zimbabwe into economic recession.
He said that hiking interest rates would have pushed the economy into recession.