Powell says the Fed is not forecasting or expecting a recession

Powell says the Fed is not forecasting or expecting a recession

Federal Reserve Chairman Jerome Powell said Friday the central bank’s pivot this year to lower interest rates has helped sustain U.S. economic growth.
Speaking during a forum in Zurich, the central bank leader gave mostly positive reviews to where the U.S. stands now, even while much of the rest of the world weakens.
“The Fed has through the course of the year seen fit to lower the expected path…

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