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MNI BRIEF: U.S. Recession Not Most Likely Case - Fed's Powell

(MNI) WASHINGTON

Federal Reserve Chair Jerome Powell said Wednesday he is sticking to his view a recession is not the most likely case for the U.S. economy, but remains a distinct possibility as the central bank aims to slow inflation.

"In my view, the least unlikely case is that we do find our way to better balance without a really severe downturn," Powell said at an event held by the ECB in Sintra, Portugal. "There's a significant probability that there will be a downturn" but "it to me is not the most likely case."

MNI Washington Bureau | +1 202-371-2121 | evan.ryser@marketnews.com
MNI Washington Bureau | +1 202-371-2121 | evan.ryser@marketnews.com

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