The head of the Federal Reserve Bank of Chicago notes a slowdown in the US economy, but considers a recession unlikely

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The head of the Federal Reserve Bank of Chicago, Charles Evans, in an interview with CNBC during the Asian Investment Conference, Credit Suisse, commented on financial market concerns about the inverted yield curve. He noted that the flat yield curve indicated a slowdown in economic growth. He estimates that the US economy will slow growth to 2% this year. Evans believes that this is a good growth rate, which indicates the preservation of the stability of the US economy. Therefore, the probability of a recession is very low and is no more than 25%. In his opinion, there is no need to worry about inflationary pressures, since the labor market and consumer spending remain strong.

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