Economics
Fed's Powell Sticks With Message of ‘Patient’ Approach on Rates
- Economy in ‘good place,’ still faces conflicting signals
- Powell also outlines longer-run threats to economic growth
This article is for subscribers only.
Federal Reserve Chairman Jerome Powell repeated the central bank’s recent mantra of pledging patience in the face of conflicting economic signals and subdued inflation.
“The Federal Open Market Committee will be patient as we determine what future adjustments to the target range for the federal funds rate may be appropriate to support our dual-mandate objectives,” Powell said in the text of a speech Thursday evening in New York.