Economics
Powell Doesn’t See High Recession Risk Though Eyeing Yield Curve
- Repeats gradual rate hikes best way to keep economy strong
- Powell speaks to Rhode Island business leaders in Washington
Jerome Powell, chairman of the U.S. Federal Reserve.
Photographer: Andrew Harrer/BloombergThis article is for subscribers only.
Federal Reserve Chairman Jerome Powell played down the signal being sent by a flatter yield curve and said the risk of recession was not especially high.
“There’s no reason to think that the probability of a recession in the next year or two is at all elevated,” he told a gathering of business leaders Thursday in Washington hosted by Rhode Island Senator Jack Reed. “We look at the yield curve but it’s one factor. It’s not inverted now.”