September 26, 2019
DALLAS (Reuters) – The world economy is going through a “fragile” period, but odds of a U.S. recession over the next year remain “relatively low,” Dallas Federal Reserve President Robert Kaplan said on Wednesday.
“Global growth is decelerating … We are in this tenuous period,” Kaplan said. But the United States “can skate through this” without a downturn, Kaplan said, noting that consumption remains strong and households are benefiting from low unemployment.
(Reporting by Howard Schneider; Editing by Himani Sarkar and Cynthia Osterman)