Powell: External Institutions Have Raised the Likelihood of a Recession, Tariff Levels Higher Than Expected

BlockBeats News, April 4th, Federal Reserve Chair Powell stated in a keynote speech on the economic outlook: The Fed has not made a probability prediction of an economic recession, but external forecasters have increased this possibility. The tariff level remains higher than almost all forecasters' expectations, but it is still unclear where it will ultimately settle. The committee is not responsible for trade, immigration, fiscal, or other policies. A year from now, as the impact of the Trump administration's policies becomes clearer, uncertainty should diminish significantly. (FXStreet)