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Powell Says He"s Optimistic About Economy as He Notes Concerns From Abroad

Thursday, 15 November 2018 07:58 WIB Jerome Powell

Federal Reserve Chairman Jerome Powell on Wednesday night used a conversation with the president of the Dallas Fed to communicate optimism about the U.S. economy even as he acknowledged potential headwinds, particularly from abroad. Powell was answering questions posed to him by Dallas Fed President Rob Kaplan, as well as from the audience. With near-universal expectations of another quarter-point rate hike next month, Powell sounded committed to the gradual interest-rate-hike path that he’s previously communicated. “I’m very happy about the state of the economy right now,” he said early in his address. “We’re in a good place, and I believe our economy can grow and grow faster,” he said...

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