Powell: U.S. in 'favorable' place, Fed will 'act as appropriate'

Credit: Reuters- Published on August 23, 2019
The U.S. economy is in a "favorable place" and the Federal Reserve will "act as appropriate" to keep the current economic expansion on track, Fed chair Jerome Powell said on Friday in remarks that gave few clues about whether the central bank will cut interest rates at its next meeting or not.

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