Fed Chairman Powell says he doesn’t expect recession

WASHINGTON (AP) — Federal Reserve Chairman Jerome Powelll says the Fed is not expecting a U.S. or global recession. But it is monitoring a number of uncertainties, including trade conflicts, and will “act as appropriate to sustain the expansion.”
Powell gives an upbeat view of the U.S. economy during an appearance with Swiss National Bank Chairman Thomas Jordan at the University of Zurich in Switzerland. Powell says that trade policy is causing “some uncertainty” bu