FILE PHOTO: U.S. Federal Reserve Chairman Jerome Powell speaks to reporters after the Federal Reserve cut interest rates in an emergency move designed to shield the world's largest economy from the impact of the coronavirus, during a news conference in Washington, U.S., March 3, 2020. REUTERS/Kevin Lamarque
Fed chair Jerome Powell.
  • Federal Reserve officials seem to have stopped talking about recession as the threat has faded.
  • The r-word doesn't appear in the minutes from the central bank's last three meetings.
  • Slowing inflation and robust growth and employment have assuaged fears of a downturn.

The Federal Reserve is done talking about recession, notes from its recent meetings show.