Fed staff no longer predicting a recession, Powell says

By Zach Halaschak

Published July 26, 2023 8:22pm ET

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Fed staff no longer predicting a recession, Powell says — Federal Reserve Chair Jerome Powell speaks during a news conference at the William McChesney Martin Jr. Federal Reserve Board Building following a Federal Open Market Committee meeting on Wednesday, July 26, 2023, in Washington. | (Nathan Howard/AP)

In a big reversal from just months ago, Federal Reserve staff no longer expect a recession, Fed Chairman Jerome Powell said Wednesday.

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Federal Reserve Inflation Interest Rates Jerome Powell Recession Washington D.C.