Jerome Powell- Federal Reserves
Federal Reserve Chairman Jerome Powell stated on Wednesday that he doesn't believe.
U.S. economy is in recession, as the central bank has increased its rates to combat the rising cost of living.
Jerome Powell- Economy
Jerome Powell- Recession
"I do not think the U.S. is currently in a recession and the reason is there are too many areas of the economy.
Powell declared at a press event in the wake of the Fed's decision to increase rates by 0.75 percent.
Jerome Powell- Press Event
This is a very strong labor market, it doesn't make sense that the economy would be in a recession.
Jerome Powell- Strong Labor Market
The rate hike announced on Wednesday is the latest step in the Fed's effort to reduce the largest inflationary pressures.
Jerome Powell- Inflation Pressurre
The markets jumped when the hike was made public in the wake of the announcement.
Jerome Powell- Market Hiked
Image Source- Wall Street Journal
Investors will be getting another information point that's crucial in the discussion about the recession this week.
Jerome Powell- This Week
Image Source- Bloomberg
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