Powell acknowledges growing risk of slowdown, but gives no hint about rate moves for September

Washington Federal Reserve chairman Jerome Powell on Friday acknowledged that the economy has grown more turbulent in the three weeks since the Fed cut rates for the first time in a decade -- but stopped short of giving any indication about what might be coming at the next rate-setting meeting in September.

"We are carefully watching developments as we assess their implications for the US outlook and the path of monetary policy," Powell said according to prepared remarks released ahead of an address at an annual economic symposium in Jackson Hole, Wyoming. He reinforced his pledge that policymakers will continue to take"appropriate" steps to support the US economy's longest running expansion amid signs of a slowdown.

Thanks to Trump, he owns this mess!!

spill

When Donnie can not communicate Powell has no chance.

When the POTUS is this unhinged the real question is why the GOP has done nothing to protect the United Stated from this person?

Powell also said the economy remains robust. As usual Fake News CNN reports only what they want you to hear. Such a disgraceful news propaganda network.

It's hard for the voice of reason to be heard over Trump's yelling and tweets; the spotlight's on him. For the Donald it's all about getting his way and bolstering his re-election chances. How dare the Fed challenge his celebrity!

By economy he means trump.

AuditTheFed

At the end of the Day this Old Turd is gonna do exactly what President Trump tells him to do. I love to watch a Master at work. KAG TRUMP2020 🇺🇸

Let it fall, let it fall, let it fall

End the fed.

Maybe it’s difficult to communicate policy when you have a child tweeting constantly in the White House.

Mr. Powell has more intelligence in his little finger than trump has in his whole brain.

I'm betting trump was thinking, How fast can I get rid of this guy!!!

Why won't Chariman Jerome Powell give us a hint so we can prepare for the future? askquestions

You know what’s coming,Please Do Not Lie To Us!

Thanx to Trump’s tariff whistle calls. Wish Powell would have the courage to call out Trump

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