WASHINGTON: Concerns about trade policy and a weak global economy"continue to weigh on the US economic outlook" and the Federal Reserve stands ready to act to sustain a decade-long expansion, Fed chairman Jerome Powell said yesterday.
In prepared remarks to a congressional committee, Mr Powell contrasted the Fed's"baseline outlook" of continued US growth against a set of risks - including persistently weak inflation, slower growth in other major economies, and a downturn in business investment driven by uncertainty over just how long the Trump administration's trade war with China and other countries will last and how intense it will become.
Source: Financial Digest (financialdigest.net)
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