If there's a recession, don't count on the government to come to the rescue with stimulus checks and boosted unemployment benefits

In the last 25 years, the federal government has stepped in with emergency relief when the economy is in a bad state. The next recession will be different.

In the wake of the dot-com crash, the Bush administration sent hundreds of millions of dollars in tax refunds. The Federal Reserve kept interest rates low during the financial crisis. The worst of the Great Recession was mitigated by an $830 billion package of legislation.

The Fed and Congress supported the economy with low rates, emergency lending programs, and increased unemployment benefits as a result of the coronaviruses outbreak.

Even with inflation at 41-year highs, a similar degree of government help isn't expected. Big federal relief efforts are unlikely because the looming recession will be engineered by policymakers to combat inflation and its causes.

Not helping matters is the fact that today's inflation has come under scrutiny for being caused by swine flu.

McConnell said that Democrats decided on trillions of dollars in reckless spending.

Russia's invasion of Ukraine and global supply chains are some of the reasons why economists are slower to point a finger at theStimulus. Even though decades-high inflation might be enough to discourage even Democrats from pushing aggressiveStimulus, it might still be enough to deter even Democrats from pushing aggressiveStimulus, it might still be enough to deter even Democrats from pushing aggressiveStimulus, it might still be enough to deter even Democrats

The Republicans are expected to take control of at least one chamber of Congress in the upcoming elections. The party has been outspoken about avoiding new spending.

At a time when the US looks headed for a recession, these factors are working together. Economists are worried that the Fed's rate hikes will cause the economy to stop growing and lead to layoffs.

If the economy avoids a recession or only sees a mild one, then the low likelihood of further stimulation won't matter.

There is only a 30% chance that the economy will go into a downturn in the next year, according to Goldman. There is a higher chance of a slump over the next two years according to JP Morgan.

There are a lot of reasons to believe that it would be a mild recession, according to a former top economist to the president. The lack of stresses on the financial sector was cited by him.