Market news
13.11.2019, 14:40

Fed's Chair Powell: Baseline outlook favorable but noteworthy risks remain - prepared testimony

  • Policy appropriate as long as economy stays on track
  • Sluggish growth abroad, trade uncertainty pose risks
  • Monitoring financial risks that are at moderate levels
  • Price pressures mutes, expectations at low end of range
  • Business debt high, core of financial sector resilient
  • Says he remains concerned by high, rising federal debt
  • Investors risk appetite elevated in some asset classes
  • Fiscal policy support important for economy in downturn
  • Consumption solid; job market, incomes favorable
  • A sustainable expansion of economic activity, strong labor market and inflation near symmetric 2% goal as most likely
  • Persistent below target inflation could lead to slide in longer-term inflation expectations
  • Levels of vulnerabilities and financial system at a moderate level
  • Federal government debt could restrain fiscal policy makers ability to support US economic activity in a downturn

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