Fed's Powell says US recession risk not elevated
FILE PHOTO: Federal Reserve Board Chairman Jerome Powell speaks during his news conference after a Federal Open Market Committee meeting in Washington, U.S., December 19, 2018. REUTERS/Yuri Gripas/File Photo

The risk of a U.S. recession is not currently elevated, Federal Reserve Chairman Jerome Powell said on Tuesday.


“We don’t feel that the probability of recession is at all elevated,” Powell said in a question and answer session with students at Mississippi Valley State University.

Reporting by Howard Schneider; Editing by Andrea Ricci