Fed's Powell Says US Is Not Currently in Recession

The transcript discusses the current state of the U.S. economy, focusing on the labor market's strength. Despite slowing growth, the labor market remains robust, with high payroll job numbers and low unemployment rates. These indicators suggest that the economy is not in a recession, contrary to some beliefs.

What is the main reason the speaker believes the economy is not in a recession?

• High inflation rates

• Strong performance in many economic sectors

• Decreasing consumer spending

• Rising interest rates

What was the growth rate last year that the speaker mentions?

• 3.6%

• 4.5%

• 5.5%

• 6.5%

How many payroll jobs are being added on average per month according to the speaker?

• 650,000

• 350,000

• 550,000

• 450,000

What is the current unemployment rate mentioned by the speaker?

• 2.6%

• 5.6%

• 4.6%

• 3.6%

Why does the speaker argue that the economy is not in a recession?

• Due to strong labor market indicators

• Because of high consumer confidence

• Because of low interest rates

• Due to high government spending