{"id":64841,"date":"2022-05-04T23:18:30","date_gmt":"2022-05-04T19:18:30","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=64841"},"modified":"2022-05-04T23:18:33","modified_gmt":"2022-05-04T19:18:33","slug":"powell-us-economy-has-a-good-chance-to-avoid-recession","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/powell-us-economy-has-a-good-chance-to-avoid-recession\/05\/04\/market-updates\/","title":{"rendered":"Powell: US economy has a good chance to avoid recession"},"content":{"rendered":"\n<p>Jerome Powell, Chairman of the Federal Reserve System, is delivering his remarks on the monetary policy outlook at a press conference following the FOMC&#8217;s decision to hike the policy rate by 50 basis points in May.<br><br><strong>Key Quotes<\/strong><br><br>&#8220;We understand the pain from high inflation\u201d.<br><br>&#8220;It&#8217;s our job is to make sure high inflation doesn&#8217;t get entrenched\u201d.<br><br>&#8220;Bringing down inflation is not going to be pleasant\u201d.<br><br>&#8220;Raising rates isn&#8217;t going to be pleasant, but need to restore stable prices\u201d.<br><br>&#8220;Everyone will be better off, the sooner we get this job done\u201d.<br><br>&#8220;Good chance we can bring inflation down without significant increases in unemployment\u201d.<br><br>&#8220;Economy is doing fairly well\u201d.<br><br>&#8220;We expect productivity to be solid this year\u201d.<br><br>&#8220;Nothing in economy suggests it is close to recession\u201d.<br><br>&#8220;We have a good chance of avoiding a recession\u201d.<br><br>&#8220;We have a good chance to restore price stability without a recession\u201d.<br><br>&#8220;There should be room to reduce surplus demand without putting people out of work\u201d.<br><br>&#8220;That said, Fed does not have surgical tools\u201d.<br><br>&#8220;No one thinks this will be easy\u201d.<br><br>&#8220;There is a plausible path to avoid recession\u201d.<br><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Jerome Powell, Chairman of the Federal Reserve System, is delivering his remarks on the monetary policy outlook at a press conference following the FOMC&#8217;s decision to hike the policy rate by 50 basis points in May.Key Quotes&#8220;We understand the pain from high inflation\u201d.&#8220;It&#8217;s our job is to make sure high inflation doesn&#8217;t get entrenched\u201d.&#8220;Bringing down &hellip;<\/p>\n","protected":false},"author":13,"featured_media":62386,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[37,39,36],"tags":[6885,6868,6987,7163,6891,7536,6858],"class_list":["post-64841","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-global-stock-markets","category-market-updates","tag-fed","tag-fomc","tag-inflation","tag-jerome-powell","tag-prices","tag-recession","tag-us-economy"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/64841","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=64841"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/64841\/revisions"}],"predecessor-version":[{"id":64845,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/64841\/revisions\/64845"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/62386"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=64841"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=64841"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=64841"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}