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The Roundtable: Are We in a Recession?

The recent GDP report confirms what ordinary people have been feeling for several months.

With the war in Ukraine, the fallout from the pandemic and record levels of inflation, the U.S. economy has taken a blow in 2022. But it's not clear what, exactly, is causing the ongoing downturn. A group of finance experts joined Roundtable to discuss inflation, markets, policy and their continued prognosis for the economy. In this segment, they discuss the Commerce Department's GDP report released last week.

Regarding the U.S. government's policy responses to the ongoing downturn, Jon Najarian observes that the Fed may be getting ahead of itself.

"I am still concerned that some of the policies we're pursuing will not be beneficial for a market that is struggling to recover from the pretty harsh blow that we've taken," he says. "What I worry about is that the Fed goes a little too far trying to get their hands around the inflation beast, and then they end up having to flip it back the other way very quickly, and the markets get discombobulated."

Marc LoPresti notes that the two successive quarters of negative GDP growth are a clear signal, but it could have many causes.

"We should start with the premise that the data will confirm what most market watchers and professional investors already believe, and that is, we are in a recession," he says. "The real question is, for traders and investors and market watchers, how much of this is priced in? What you've seen in the market's volatility over the past four or five months is precisely that."

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Watch the full discussion below:

Roundtable Guests:

Jon Najarian, Co-Host, CNBC Halftime Report

Marc LoPresti, Managing Director, Moneta Advisory Partners

David Zell, Founder, Bitcoin Policy Institute