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- Fed Chairman Powell in interview with "60 Minutes": Fed will be patient on interest rate policy as sees evidence of global economy slowing down
Fed Chairman Powell in interview with "60 Minutes": Fed will be patient on interest rate policy as sees evidence of global economy slowing down
- Growth in the U.S. will be slower than last year
- Evidence that retail sales picked up again in January
- Would not overreact to inflation modestly above 2-percenе target
- Does not believe President Trump can fire him
- Banks have double or more capital to absorb losses
- Globalization and technology factors behind low labor force participation rate
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