September 27, 2018 / 8:51 PM / 2 months ago

U.S. economy not facing high chance of recession in next 2 years -Fed's Powell

WASHINGTON, Sept 27 (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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