Fed Chair Powell: U.S. economy could slip into recession

　　On June 22, local time, Federal Reserve Chairman Powell said at a hearing in the U.S. Congress that the Fed will continue to raise interest rates to curb inflation, and he also acknowledged that the U.S. economy may fall into recession.

　　Powell expects that the Fed will continue to raise interest rates and will need to be flexible to the latest data and changing conditions.

　　When asked about a recession, Powell said it was "certainly a possibility," although it wasn't the Fed's expected outcome.

(CCTV reporter Gu Xiang Liu Xu)