Powell Says Extended Shutdown Will Hurt Economy, Doesn't See Recession

The video discusses the limited economic impact of short-term government shutdowns, emphasizing the importance of data from agencies like the Bureau of Economic Analysis. It highlights the current economic expansion and low risk of recession, noting that inflation and financial imbalances are not present. The main concern is global economic growth, particularly in Asia and Europe, which could affect the U.S. economy due to global integration.

What are the typical effects of short-term government shutdowns on the economy?

What data is affected by a government shutdown according to the text?

How does the speaker assess the likelihood of a recession in 2019?

What are the two main causes of recessions mentioned in the text?

What concerns does the speaker have regarding global growth?