Fed’s Powell says U.S. recession risk not elevated

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FILE PHOTO: Federal Reserve Chairman Jerome Powell holds a press conference following a two day Federal Open Market Committee policy meeting in Washington, U.S., January 30, 2019. REUTERS/Leah Millis -/File Photo

ITTA BENA, Miss (Reuters) – 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

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