Fed Chairman Jerome Powell repeated his pledge to do whatever it takes to keep the US economy growing and waved off fears of an imminent recession despite 'significant risks' from uncertainty around trade. 'We are not forecasting or expecting a recession.'
Washington Federal Reserve Chairman Jerome Powell on Friday repeated his pledge to do whatever it takes to keep the US economy growing and waved off fears of an imminent recession despite"significant risks" from uncertainty around trade.
"We are not forecasting or expecting a recession," said Powell during a discussion with Chairman of the Swiss National Bank, Thomas Jordan, in Zurich. Instead, he said the outlook of the US economy continues to be a"favorable one," which he attributed to the Fed's decision earlier this year to cut rates for the first time in a decade.
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