Fed Chair Powell: “Semiannual Monetary Policy Report to the Congress”

From Fed Chair Powell: Semiannual Monetary Policy Report to the Congress Our baseline outlook is for economic growth to remain solid, labor markets to stay strong, and inflation to move back up over time to the Committee’s 2 percent objective. However, uncertainties about the outlook have increased in recent months. In particular, economic momentum appears to have slowed in some major foreign economies, and that …

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