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What About a High - Term: Fed's Powell Says Short-Term U.S. Recession Risks Are Not High

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The U.S. economy does not face a large chance of a recession in the next two years and the Federal Reserve plans to keep gradually raising interest rates, Fed Chairman Jerome Powell said. Asked whether the narrowing gap between short-term and long-term interest rates points to an impending economic downturn, Powell said the U.S. central bank’s analytical models suggest the economy will keep growing. “There’s no reason to think that the probability of a recession in the next year or two is at all elevated,” Powell told a gathering of business people. An inverted yield curve — when short-term rates on U.S. Treasury securities rise above the long-term rates — is typically regarded as a sign of a coming recession.

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Did they ever see it coming? As 2008....

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It might be too much to have two financial crisis in "our lifetimes"

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How does 65-year-old define "short term"? Does he have a retirement date in mind?

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Nice. It means after two years to say welcome to the recession?

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It depends how long the tariffs last.

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That statement really says nothing 'meaningful'; about the same as saying "An Asteroid could hit the Earth in two years"!

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