Fed's Powell Says Recession Avoided, Outlook Bright

ECONOMY News

Fed's Powell Says Recession Avoided, Outlook Bright
FEDPOWELLRECESSION
  • 📰 KitcoNewsNOW
  • ⏱ Reading Time:
  • 61 sec. here
  • 8 min. at publisher
  • 📊 Quality Score:
  • News: 45%
  • Publisher: 78%

Fed Chair Jerome Powell stated that the US economy has likely avoided a recession, expressing optimism about its future.

Kitco NEWS has a diverse team of journalists reporting on the economy, stock markets, commodities, cryptocurrencies, mining and metals with accuracy and objectivity. Our goal is to help people make informed market decisions through in-depth reporting, daily market roundups, interviews with prominent industry figures, comprehensive coverage (often exclusive) of important industry events and analyses of market-affecting developments. Ernest is a Crypto and Market Reporter for Kitco News.

He has over 15 years of experience as a writer, editor, broadcaster and producer for media, educational and cultural organizations. Ernest began working in market news in 2007, establishing the broadcast division of CEP News in Montreal, Canada, where he developed the fastest web-based audio news service in the world and produced economic news videos in partnership with MSN and the TMX. He has a Bachelor's degree Specialization in Journalism from Concordia University. You can reach Ernest at 1-514-670-1339.The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.‘I think it's pretty clear we have avoided a recession… the outlook is pretty bright for our economy’ – Fed's Powel

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

KitcoNewsNOW /  🏆 13. in CA

FED POWELL RECESSION ECONOMY OUTLOOK

Canada Latest News, Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Powell Says Fed Has No Interest in Holding BitcoinPowell Says Fed Has No Interest in Holding BitcoinFederal Reserve Chair Jerome Powell rejects the idea of the Fed holding bitcoin, stating it's not allowed and should be considered by Congress.
Read more »

Powell: US Economy Has Avoided Recession, Outlook is BrightPowell: US Economy Has Avoided Recession, Outlook is BrightFederal Reserve Chair Jerome Powell signals confidence in the US economy, stating that it has likely avoided a recession and projecting a positive outlook for the future.
Read more »

Powell's Last Act: Guiding the Fed Through Uncertain Economic WatersPowell's Last Act: Guiding the Fed Through Uncertain Economic WatersThe Federal Reserve concludes its final 2024 meeting, with Chair Jerome Powell facing potential challenges and opportunities in his likely last full year at the helm. Powell's focus remains on achieving a 'soft landing' with 2% inflation and full employment, but the economic landscape is becoming more complex due to planned changes in tax, tariff, and immigration policies under the incoming Trump administration. The Fed must navigate the delicate balance of pausing rate cuts without reigniting inflation or stifling the job market.
Read more »

Powell Faces Final Year at Fed as New Challenges LoomPowell Faces Final Year at Fed as New Challenges LoomFederal Reserve Chair Jerome Powell's leadership is entering its final year as he navigates a complex economic landscape marked by the need to achieve a 'soft landing' and the uncertainty of incoming President Trump's policies.
Read more »

US Fed Chair Jerome Powell to Address Interest Rate Cut ExpectationsUS Fed Chair Jerome Powell to Address Interest Rate Cut ExpectationsU.S. Federal Reserve Chair Jerome Powell is set to speak with key jobs data due Friday, during a 'quiet' period for Fed officials before the December 17-18 meeting. Investors expect a third consecutive interest rate cut, influenced by comments from Fed Governor Christopher Waller.
Read more »

Powell: Fed's independence from politics is vital to its interest rate decisionsPowell: Fed's independence from politics is vital to its interest rate decisionsWASHINGTON (AP) — Chair Jerome Powell said Wednesday that the Federal Reserve's ability to set interest rates free of political interference is necessary for it to make decisions to serve “all Americans” rather than a political party or a specific ou
Read more »



Render Time: 2025-02-19 13:01:13