Powell: No recession expected ‘at all’ in U.S.

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from USA Today,

Federal Reserve Chairman Jerome Powell said Friday he doesn’t “at all” expect the U.S. to enter a recession, though he hinted the central bank will likely cut interest rates as expected this month.

“Our main expectation is not at all that there will be a recession,” Powell said in a panel discussion at the University of Zurich.

“The U.S. economy has continued to perform well and is in a good place,” he said.

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