Jerome Powell, a member of the Federal Reserve Board of Governors, speaking with the Financial Times.

The paper published the comments Sunday UK time:

  • Said there is an increasing risk the US economy has become trapped in a prolonged period of subdued growth
  • That would need lower official rates than was previously expected
  • No hurry to lift rates
  • Path will be very gradual
  • US economy still facing global risks

FT article in full is here (may be gated): Fed's Powell warns US at risk of being trapped in low growth