“I think no one knows whether there will be a recession or not.
And if so, how serious will this recession be?
And our task is to restore price stability so that we can have a sustainable labor market that will benefit everyone over time.
And that is exactly what we are going to do," TASS quoted him as saying.
Also, the head of the financial regulator also stressed that he does not yet see any signs of a decrease in inflation in the United States.
Earlier, Powell announced a slowdown in the US economy compared to last year.