Fed's Powell: US economy in a good place, despite some risks

Author: Adam Button | Category: Central Banks

Comments from Powell at Fed Listens event

Powell Oct 4
  • Our job is to keep economy good as long as possible
  • Inflation is running close to, but a bit below, the 2% objective
  • Economy is facing longer-term challenges
  • When rates are too low, we have less room to cut rates if there is a downturn

Powell will listen and take questions from the audience. He's also scheduled to appear twice next week.

In the opening statement, there was nothing to move markets.
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