Fed Chair Powell.... "no recession " Sorry gloomers

quote:

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Fed's Powell says he doesn't foresee a US recession

Federal Reserve Chairman Jerome Powell said he does not foresee the U.S. sliding into a recession soon, despite a slowdown in global growth and uncertainties surrounding the U.S.-China trade war.

"I wouldn't see the recession as the most likely outcome in the U.S.," he said during a question-and-answer session in Zurich, Switzerland on Friday.

Powell said that data shows the U.S. economy will continue to expand at a moderate pace, with a strong labor market and inflation hovering around the Fed's 2 percent target.

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