Federal Reserve Chairman Jerome Powell on Tuesday said the economy was healthy but has been sending "conflicting signals" that justify a "patient approach" on future changes to interest rates.
Federal Reserve Chairman Jerome Powell on Tuesday said the economy was healthy but has been sending "conflicting signals" that justify a "patient approach" on future changes to interest rates.
"While we view current economic conditions as healthy and the economic outlook as favorable, over the past few months we have seen some crosscurrents and conflicting signals," Powell said in testimony prepared for delivery to the Senate Banking Committee. He cited financial market volatility, concerns about slower growth in Europe and China, and ongoing trade disputes as issues to be closely monitored.
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