Alva Review-Courier -

Fed Chairman Powell says prosperity not felt in all areas

 

February 13, 2019



ITTA BENA, Miss. (AP) — Federal Reserve Chairman Jerome Powell traveled Tuesday to a historically black university in the Mississippi Delta to deliver a message that the nation's prosperity has not been felt in many such areas around the country.

Powell said that many rural areas had been left out and needed special support, such as access to affordable credit to start small businesses and high-quality education to train workers.

In his comments, Powell did not address the future course of interest rates or the Fed's decision last month to announce that it planned to be "patient" in its f...



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