Recession in US Possible as Fed Thinks Inflation Target Will Hit by 2025 – Powell

Recession in US Possible as Fed Thinks Inflation Target Will Hit by 2025 – Powell

WASHINGTON (Sputnik) – A recession in the United States is not certain but still possible as the Federal Reserve’s target of returning inflation to 2% per year via interest rate hikes might not be achieved until 2025, Chairman Jerome Powell said on Wednesday.

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