Economics
Fed's Powell Says the U.S. Economy in ‘Good Place’ But Trade Is a Risk
- Impact of trade battles on economy ‘hard to predict’
- Says too soon to declare victory in hitting inflation target
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Federal Reserve Chairman Jerome Powell gave an upbeat assessment of the U.S. economy but warned a sustained period of high tariffs on a wide variety of imports could be harmful to growth.
“I sleep pretty well on the economy right now,” Powell said Thursday in an interview on American Public Media’s “Marketplace” program, noting that it’s in a “good place” with unemployment at its lowest level in years and inflation close to the central bank’s 2 percent target.