SFGATE: Fed's Powell predicts solid but slower growth in 2019
Fed's Powell predicts solid but slower growth in 2019"
Published on February 27, 2019 at 03:27AM by By MARTIN CRUTSINGER, AP Economics Writer
WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell says the U.S. economy should keep expanding at a solid, though somewhat slower pace this year. But he warns of growing risks, including a global slowdown, volatile financial markets and uncertainty about U.S. trade policy. In delivering the Fed's semiannual monetary report to Congress, Powell says the Fed will be "patient" in determining when to boost its benchmark policy rate in light of the various "crosscurrents and conflicting signals." He says the Fed's rate decisions will be "data dependent" as the economic outlook evolves. The Fed in December indicated it could hike rates two times this year.
Published on February 27, 2019 at 03:27AM by By MARTIN CRUTSINGER, AP Economics Writer
WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell says the U.S. economy should keep expanding at a solid, though somewhat slower pace this year. But he warns of growing risks, including a global slowdown, volatile financial markets and uncertainty about U.S. trade policy. In delivering the Fed's semiannual monetary report to Congress, Powell says the Fed will be "patient" in determining when to boost its benchmark policy rate in light of the various "crosscurrents and conflicting signals." He says the Fed's rate decisions will be "data dependent" as the economic outlook evolves. The Fed in December indicated it could hike rates two times this year.
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