More Powell: Fed does not want to get on a road to long periods of low inflation

Author: Greg Michalowski | Category: Central Banks

Testimony continues for Fed's Powell

  • Fed does not want to get on a long to long periods of low inflation as in Japan
  • Consumer part of US economy is strong
  • US economy's potential issues have more to do with business confidence and spending then consumers
  • Uncertainty can cause businesses to delay investment
  • Sees economy at a good place and is committed to using its tools to keep it there

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