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Fed’s Powell Says U.S. Economy’s Glass Is ‘More Than Half Full’

  • Says rates at right level until Fed sees ‘material’ change
  • Fed chair says there’s more elected representatives could do
Jerome Powell
Jerome PowellPhotographer: Andrew Harrer/Bloomberg

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Federal Reserve Chairman Jerome Powell struck an upbeat tone in gauging the ability of policy makers to extend the record U.S. economic expansion, while signaling interest rates would probably remain on hold.