Fed Chair Powell: I don't see an elevated likelihood of a recession in the next year By Frank_Macro Fed Inflation Recession InterestRate
remarked in a speech on Monday that he doesn't see an elevated likelihood of a recession in the next year, reported Reuters. "It's hard to say what the economy will look like in wake of recent events, but no one is sitting around waiting for the old regime to come back.""The economy can handle less-accommodative monetary policy.""It is a great labor market for workers, but we need it to be sustainably tight.
"You could make a case that labor shortage will trigger more investment... I do think that will happen in the service industry.""Financial conditions have tightened since late last year.""In the medium term, I don't see a conflict between employment and inflation goals.""I tend to look at shorter part of the yield curve, not 2s to 10s."
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