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Fed Chairman Powell Says he Doesn't Expect Recession

Fed Chairman Powell Says he Doesn't Expect Recession Photo: WDIO-TV file

MARTIN CRUTSINGER AP Economics Writer
Created: September 06, 2019 01:05 PM

WASHINGTON (AP) - Federal Reserve Chairman Jerome Powell says the Fed is not expecting a U.S. or global recession. But it is monitoring a number of uncertainties, including trade conflicts, and will "act as appropriate to sustain the expansion."
    
Powell gives an upbeat view of the U.S. economy during an appearance with Swiss National Bank Chairman Thomas Jordan at the University of Zurich in Switzerland. Powell says that trade policy is causing "some uncertainty" but that the U.S. consumer is in good shape.
    
"I would not see a recession as the most likely outcome for the United States or the global economy," Powell says.
 

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MARTIN CRUTSINGER AP Economics Writer

Copyright 2019 The Associated Press. All rights reserved.

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