Fed's Powell: Recession Not the Most Likely Case for US

The video discusses the current state of the labor market, highlighting the decrease in job openings and the softening of wage pressures. It notes that while the labor market is not as tight as before, job creation is slowing down. The possibility of achieving economic balance without severe downturns is considered, though a recession remains a possibility according to some forecasts.

What is the teacher's view on the likelihood of a severe downturn in the labor market?

What do many forecasters predict regarding the labor market's future?