Global Economic News

Powell: Fed Ready To Act To Material Changes To Inflation Expectations

Federal Reserve Chairman Jerome Powell delivered remarks on monetary policy in the current environment of low inflation and low unemployment in remarks at the annual meeting of the National Association for Business Economics on Monday.

Powell noted forecasts for the unemployment rate to remain below 4 percent and inflation to remain near 2 percent through the end of 2020 reflect a remarkably positive outlook from the standout point of the Fed's dual mandate.

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by RTTNews Staff Writer

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