Fed's Mester: I Don't Expect a Recession In 2019 or 2020

recession always comes unexpected

Humm... I know...does that mean that in 2021, can there be a recession? Or before?

She must have a crystal ball

Growth and recessions are cyclical, history proves it, and Elliott waves prove it.

Even in periods of continuous growth, retracements are omnipresent at macroscopic and microscopic levels.

Therefore if 2018 was a prosperous year, a slowdown or stagnation risk cannot be completely eliminated, even that the economy may not actually "fall" into recession.

a pair

Not everybody on this world is a petty crook.

Recession is recession because it happens when you expect it not to happen.
What a meaningless statement!

they never do.