Powell "Fed does not predict recession likelihood itself... external forecasts are high"
JH Kim
Summary
- Jerome Powell, Chairman of the Fed, stated that external forecasts for the likelihood of a recession are high.
- Despite uncertainty about tariffs, he mentioned that the U.S. economy is still in good shape.
- He added that long-term inflation data and economic indicators are solid.
According to Reuters on the 4th (local time), Jerome Powell, Chairman of the Federal Reserve System (Fed), stated in a speech, "The Fed does not make probabilistic predictions about the likelihood of a recession, but external experts see that possibility as high."
He added, "Tariffs were announced higher than most experts expected. However, it is still uncertain where the tariffs will be applied and whether they will actually be implemented," adding, "Uncertainty is increasing and downside risks have expanded, but the U.S. economy is still in good shape. Long-term inflation data and economic indicators remain solid."
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
