Jerome H. Powell, the chair of the Federal Reserve, testified before the Senate Banking Committee and said the central bank does not intend to provoke a recession, but it is “certainly a possibility.”
Source: new york times
Summary automatically generated by NewSUM A.I. from the following sources:
- Jerome Powell, Fed Chair, Says Recession Is ‘Certainly a Possibility’ (new york times)
- Powell Cautions That a Recession Is Possible Amid Rising Interest Rates (new york times)
