Tuesday, June 04, 2019

Fed Chair Powell: Closely monitoring trade negotiations, Will act "as appropriate"

by Calculated Risk on 6/04/2019 09:58:00 AM

From Fed Chair Jerome Powell: Opening Remarks

I’d like first to say a word about recent developments involving trade negotiations and other matters. We do not know how or when these issues will be resolved. We are closely monitoring the implications of these developments for the U.S. economic outlook and, as always, we will act as appropriate to sustain the expansion, with a strong labor market and inflation near our symmetric 2 percent objective. My comments today, like this conference, will focus on longer-run issues that will remain even as the issues of the moment evolve.