- Fed's Chair Powell: Baseline outlook favorable but noteworthy risks remain - prepared testimony
Market news
13 November 2019
Fed's Chair Powell: Baseline outlook favorable but noteworthy risks remain - prepared testimony
- Policy appropriate as long as economy stays on track
- Sluggish growth abroad, trade uncertainty pose risks
- Monitoring financial risks that are at moderate levels
- Price pressures mutes, expectations at low end of range
- Business debt high, core of financial sector resilient
- Says he remains concerned by high, rising federal debt
- Investors risk appetite elevated in some asset classes
- Fiscal policy support important for economy in downturn
- Consumption solid; job market, incomes favorable
- A sustainable expansion of economic activity, strong labor market and inflation near symmetric 2% goal as most likely
- Persistent below target inflation could lead to slide in longer-term inflation expectations
- Levels of vulnerabilities and financial system at a moderate level
- Federal government debt could restrain fiscal policy makers ability to support US economic activity in a downturn
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