Former US Federal Reserve chair Janet Yellen says she does not “see a recession in the US as particularly likely”. Photo: AP

US recession unlikely, says former Federal Reserve chair Janet Yellen says

  • Although economic growth in the United States is slowing, it is ‘not a dangerous situation’, she says
  • Remarks echo those of Chicago Federal Reserve president Charles Evans, who put the chances of a US recession at no more than 25 per cent
Topic |   Federal Reserve

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Former US Federal Reserve chair Janet Yellen says she does not “see a recession in the US as particularly likely”. Photo: AP
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Chicago Federal Reserve president Charles Evans said growth in “the US economy has slowed but is still robust”, during a panel discussion in Hong Kong on Monday. Photo: K.Y. Cheng

US recession chance ‘no more than 25 per cent’ says Chicago Federal Reserve chief as fear grips markets

  • Asian stock markets plunged on Monday, with benchmark indices declining from Seoul to Sydney, after the Dow Jones Industrial Average plunged on Friday
  • Charles Evans says the US Federal Reserve’s monetary policy is appropriate and it is keeping its eyes on economic data
Topic |   Global interest rates

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Chicago Federal Reserve president Charles Evans said growth in “the US economy has slowed but is still robust”, during a panel discussion in Hong Kong on Monday. Photo: K.Y. Cheng
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