• Fed Chair Powell says economy in 'good place' at moment

    2 monthes ago - By Chron

    WASHINGTON - Federal Reserve Chairman Jerome Powell said Thursday that the economy is in a "good place" at the moment with low unemployment and inflation rising toward the Fed's optimal range. But he says rising trade tensions and higher tariffs could end up being a drag on growth.
    In an interview for American Public Media's "Marketplace" radio program, Powell gave an upbeat assessment of the economy, in remarks signaling that the central bank's current pace of gradual interest rate increases should continue. The Fed has raised rates twice this year and is projecting two more rate hikes...
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  • Fed chair says Trump's trade wars are starting to worry businesses, and the end result could be ugly

    Fed chair says Trump's trade wars are starting to worry businesses, and the end result could be ugly

    2 monthes ago - By Business Insider

    Federal Reserve Chair Jerome Powell weighed in on President Donald Trump's trade policy in an interview released Thursday.
    Powell said the eventual result of Trump's tariffs and increased protectionism remains unclear.
    But he offered support for lower trade barriers in general.
    Powell also referenced a worst-case scenario in which tariffs drive up prices for consumers while also hurting the economy overall.
    Federal Reserve Chair Jerome Powell, in an interview published Thursday, suggested he isn't sure how President Donald Trump's trade battles are going to turn out.
    But Powell told...
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  • Fed Chair Powell says economy in 'good place' at moment

    2 monthes ago - By Chron

    WASHINGTON - Federal Reserve Chairman Jerome Powell says the economy is in a "good place" at the moment with low unemployment and inflation rising toward the Fed's optimal range. But he says rising trade tensions and higher tariffs could end up being a drag on growth.
    In an interview for American Public Media's "Marketplace" radio program, Powell gave an upbeat assessment of the economy, in remarks signaling that the central bank's current pace of gradual interest rate increases should continue. The Fed has raised rates twice this year and is projecting two more rate hikes this this year.
    Read more ...

     

  • Fed's Powell says economy is in 'good place' but tariffs could change that

    2 monthes ago - By CNBC

    Federal Reserve Chairman Jerome Powell said he believes the economy is "in a good place," but that an escalation in tariffs between the United States and trading partners could affect that success.
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