Relevant:
- Fed's Powell sees 'remarkably positive outlook' for economy
- Fed raises key rate and foresees 2 more hikes this year
- Dow falls after Powell signals Fed will keep raising rates
- Dow surges 700 points after Powell says the Fed will be patient with rate hikes
- Fed boosts benchmark rate for third time this year
2018-07-18 — cnbc.com
"Overall, we see the risk of the economy unexpectedly weakening as roughly balanced with the possibility of the economy growing faster than we currently anticipate," Powell said.
"The unemployment rate is low and expected to fall further. Americans who want jobs have a good chance of finding them," he added.
...
However, the "upbeat tone" from the testimony likely means the trade issues won't keep the Fed from hiking rates, said Andrew Hunter, U.S. economist at Capital Economics.
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