Nothing To See Here: Fed Chair Says US Not At High Risk Of Recession--For Now

  • 6 years ago

Reuters reports the top man at the Fed says America isn't likely to see a recession in the next two years.
“There’s no reason to think that the probability of a recession in the next year or two is at all elevated. Federal Reserve Chairman Jerome Powell
A recession occurs when trade and industrial activity are reduced and GDP falls for two successive quarters.
The Great Recession was related to the financial crisis of 2007 to 2008 and U.S. subprime mortgage crisis of 2007 to 2009.