Alva Review-Courier -

Fed chairman says goal is to keep economy in 'good place'

 

October 4, 2019



WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell said Friday that the U.S. economy is facing some risks at the moment, but overall it is in a "good place" and the Fed's main job is to "keep it there as long as possible."

Powell noted that unemployment is at a half-century low and inflation is running close to the Fed's 2% target.

While Fed officials believe they have the correct strategy and tools to extend the current record-long expansion, it is important to examine whether any changes could improve the Fed's handling of the economy, Powell said.

In his brief remarks, Powell gav...



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