The Fed is "mindful of the slowdown," but believes the recovery from the Great Recession will endure.

The American economy is experiencing turbulence. The trade war and global weakness are slowing growth. But Mary Daly, the president of the San Francisco Federal Reserve, is confident the economy will get through the storm unscathed. "A recession is not, in my judgment, right around the corner," Daly told CNN's Poppy Harlow in a Boss Files interview recently. Although Daly said the Fed is "mindful of the slowdown," she believes the recovery from the Great Recession will endure. "I think we have more room to run," said Daly, who does not vote this year on Fed policy decisions but participates in the deliberations. The recovery began in June 2009, creating millions of jobs along the way. The expansion has withstood countless scares, including the European debt crisis, crashing oil prices and a sharp slowdown in China's economy. It is now the longest period of uninterrupted growth in American history. "Expansions don't die of old age. They're not like people," said Daly. 

Source: CNN