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Fed Chair Powell: A recession is now unlikely, we can achieve a soft landing

Fed Chair Powell: A recession is now unlikely, we can achieve a soft landing

2024/03/06 16:45

Federal Reserve Chairman Jerome Powell said in a speech that there is no reason to believe that the economy exists or faces significant near-term funding risks. I think it is unlikely that economic funding will occur at this time. So far, our economy is growing at a solid pace, the labor market is still tight and hunger has fallen sharply, I think we can achieve a soft landing.

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