U.S. Federal Reserve Chairman Jerome Powell speaks during a news conference following the two-day Federal Open Market Committee policy meeting in Washington, U.S., March 20, 2019.Federal Reserve Chairman Jay Powell signaled to a congressional committee Wednesday that the central bank saw little need to further prop up the economy.
The comments were likely draw further ire from the White House, which has increasingly demanded the independent central bank take steps to juice the economy ahead of the 2020 elections. Federal Reserve Chairman Jay Powell signaled to a congressional committee Wednesday that the central bank saw little need to further prop up the economy, which he added has already benefited from a string of recent interest rate cuts.
"This favorable baseline partly reflects the policy adjustments that we have made to provide support for the economy," he said. "However, noteworthy risks to this outlook remain. In particular, sluggish growth abroad and trade developments have weighed on the economy and pose ongoing risks."three times to its current range between 1.5% and 1.75%.
Ohhh. The nerve. Such defiance!
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
White House: Trump is not watching House impeachment hearings“He’s not watching - he’s working,” White House spokesman Hogan Gidley said. Trump is in fact in the Oval Office, which is not outfitted with TVs Sure he is... Oh please 😩😩😩😭😭😭😭😭
Source: YahooNews - 🏆 380. / 59 Read more »
House Lawmakers Urge Trump To Cancel Turkish President's White House VisitA group of both Democrats and Republicans said it was an "inappropriate time" for Trump to meet Wednesday with Turkish President Recep Tayyip Erdoğan. Interesting? TURKEY WITH RUSSIA . BUT AND WITH NATO trump NEEDS to resign now ! WhiteHouse This is a very PRUDENT MOVE! OR ... some HERO journalist will discover what Erdogan promised the Crazy Man to merit a visit and photo shoot! ABCPolitics pbsnewshour BBCWorld
Source: YahooNews - 🏆 380. / 59 Read more »
White House preps for impeachment show with an awkward chief-of-staff sideshowSo what were you expectations about the chief of staff job. If you were actually smart, you would have known it was a shit job and you might go to prison. Testify you coward !! Mulvaney an enabler and co-conspirator.
Source: politico - 🏆 381. / 59 Read more »
White House Defends Advisor Over Leaked Emails, While Progressive Democrats Demand He ResignWhite House defends advisor over leaked emails, while progressive Democrats demand he resign by rachsandl rachsandl He's only racist towards minorities he doesn't like. rachsandl Stephen Miller without his costume rachsandl He should be punished twice as hard due to his knowledge of how White nationalist effect his grandparents life.
Source: Forbes - 🏆 394. / 53 Read more »
White House laughs off Anonymous book as old newsThats a laughable strategy. You know its going to be a bestseller. Heads will be popping everywhere Just like the public is learning to ignore news stories that use the same references. Wow… two people realDonaldTrump does not know… must drive him mad… anonymous and Whistleblower
Source: politico - 🏆 381. / 59 Read more »
Turkish President will find sanctuary in Trump's White House'When Turkish President Recep Tayyip Erdogan visits Washington ... he'll likely find the capital a pretty hostile place. ... But there's one place he's assured some measure of sanctuary -- and that's the Oval Office,' writes Aaron David Miller, CNNOpinion Opinion Trump is protecting his own pockets!! Opinion Heads of State that are terrorists should always be unwelcomed in DC. Opinion Let me guess. All transcripts will be locked down and he’ll have 121 meeting behind closed doors!
Source: CNN - 🏆 4. / 95 Read more »