Powell insists US is not in recession - Breaking The News

Powell insists US is not in recession

11 February

1 min read

EPA-EFE/MICHAEL REYNOLDS

United States Federal Reserve Chair Jerome Powell testified on Tuesday in front of the Senate Banking Committee, saying that the US is not in a recession.

While he mentioned that it is not on him to state if the country has experienced a soft landing, he does believe that it has also not experienced a "hard landing."

The Fed chief reiterated that the US is in a "pretty good place with this economy," adding, however, that he wants to see more progress on inflation.

fed powell

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