September 27, 2018 / 8:51 PM / a year ago

U.S. economy not facing high chance of recession in next two years: Fed's Powell

WASHINGTON (Reuters) - The U.S. economy is not facing a large chance of a recession in the next two years, Federal Reserve Chairman Jerome Powell said on Thursday.

“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.

Reporting by Jason Lange; Editing by Leslie Adler

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