[Ed. – All that sweat and angst from the MSM – and the needle hasn’t budged. Of course, maybe the Fed has suddenly started painting itself diabolically into Trump’s corner, after more than two years of doing things that irritate him. Hey, it could happen.]
Sorry leftists, your dream for the United States economy to tank and thousands of families to suffer simply so that President Donald J. Trump will lose re-election likely will not become a reality. Federal Reserve Chairman Jerome Powell announced on Friday that he does not expect the U.S. economy to enter a recession anytime soon.
“We’re not forecasting or expecting a recession,” Powell said. “The most likely outlook is still moderate growth, a strong labor market and inflation continuing to move back up.”
As for why the Fed feels this way, Powell said that “the Fed has through the course of the year seen fit to lower the expected path of interest rates…That has supported the economy. That is one of the reasons why the outlook is still a favorable one.”