Fed's Powell says U.S. recession risk not elevated

FILE PHOTO: Federal Reserve Chairman Jerome Powell holds a press conference following a two-day Federal Open Market Committee policy meeting in Washington, U.S., January 30, 2019. REUTERS/Leah Millis/File Photo - Copyright Leah Millis(Reuters)

By Reuters

Published on 12/02/2019 - 18:04•Updated 25/04/2024 - 02:30

Comments

ITTA BENA, Miss (Reuters) - The risk of a U.S. recession is not currently elevated, Federal Reserve Chairman Jerome Powell said on Tuesday.

"We don't feel that the probability of recession is at all elevated," Powell said in a question and answer session with students at Mississippi Valley State University.