Central Bank Titans Warn of Brexit Tremors as Global Recession Fears Surface

by Peter Spence, Economics Correspondent
Telegraph.co.uk

The two most powerful people in central banking have given their strongest warning yet on the impact of a Brexit vote, as top US bank Morgan Stanley warned that a British decision to leave could push the world towards recession.

Janet Yellen, chair of the US Federal Reserve, and Mario Draghi, the European Central Bank president, have warned that a vote for Brexit could have deleterious effects for the global economy.

With only two days to go before Britons head to the polls, Ms Yellen warned that a withdrawal from the EU “could have significant economic repercussions”, during her testimony to the US Senate banking committee.

Continue Reading at Telegraph.co.uk…