Powell: ‘No reason’ to Think Economy is Close to Recession

(The Hill) - Federal Reserve Chair Jerome Powell said Friday that there’s “no reason” to think the U.S. economy is close to a recession.

“Growth is strong,” Powell said at a conference in San Francisco. “As I mentioned, the economy is in a good place. There is no reason to think the economy is in a recession or is at the edge of one.”

By Julia Shapero
March 29, 2024


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