Powell: Recession not inevitable - Breaking The News
Download our appPlay StoreApp Store

Powell: Recession not inevitable

EPA-EFE/SHAWN THEW

United States Federal Reserve Chair Jerome Powell said on Thursday that the recession in the US is not "inevitable." The comment comes in concordance with US President Joe Biden's statement on the topic.

Powell also told the Congress that Fed is committed to having a "mostly treasury balance sheet" and that the central bank is yet to decide on when it will be selling mortgage-backed securities.

Previously, Powell assured that the Fed is keeping inflation expectations anchored at the moment, but warned that this might not be enough to keep the people's confidence in the possibility of reducing inflation.

Related News
ECB's Villeroy: Trump wrong for criticizing Powell
Member of the European Central Bank (ECB) Governing Council and Bank of France Governor Francois Villeroy de Galhau told the Boursorama website in an interview on Friday that United States President Donald Trump was "wrong" for criticizing the work of Federal Reserve Chair Jerome Powell.Previously, Trump expressed dissatisfaction with the Fed chief, saying that he is a "little too slow" with interest rate cuts. Meanwhile, Villeroy praised Powell's honesty, adding...
Trump said to privately discusses firing Fed's Powell
United States President Donald Trump has been privately discussing for months the possibility of firing Federal Reserve Chair Jerome Powell, the Wall Street Journal reported on Thursday, citing people briefed on the talks.Trump has been talking with Kevin Warsh, a former Fed Board of Governors member, about dismissing Powell before his term ends in 2026. They even discussed the possibility of Warsh succeeding Powell, the sources said. However, Warsh advised...
Trump: Powell will leave if I ask him to
United States President Donald Trump reiterated his dissatisfaction with Federal Reserve Chair Jerome Powell on Thursday, criticizing him for being slow to act on interest rates. Speaking to reporters, Trump said Powell is "too late, always too late, little slow" and emphasized he's "not happy with him."Trump added, "If I want him out, he'll be out of there real fast, believe me," and he underscored, "I don’t think he's doing the job."Earlier, Trump accused Powell of...
Bessent allegedly cautions WH against firing Fed's Powell
United States Treasury Secretary Scott Bessent is advising White House officials to take caution when considering firing Federal Reserve Chair Jerome Powell, claiming that the move could destabilize the financial markets, Politico reported on Thursday, citing two people close to the White House.The report comes amid US President Donald Trump's criticism of Powell, with him claiming that the Fed chair is "always too late and wrong" and repeatedly urging him to cut...

Please observe our Terms of Use. The price information is time delayed to varying extents, but as a rule by 15 minutes or more, according to the regulations of the selected stock exchange and/or licensors and the type of securities.

© 2025 TeleTrader Software GmbH. All rights reserved

This website uses cookies to ensure you get the best experience. Our Terms of Use and Data Protection Policy explain the data we collect, why we collect them, and how we may share them.