US expansion set to continue despite trade disputes – Powell
Protectionism may still negatively affect economy, Fed chair concedes
The strong US economy should allow the Federal Reserve to proceed with the normalisation of policy in the years ahead without disrupting employment and inflation, Jerome Powell said before the Senate’s banking committee on July 17.
However, the Fed chair acknowledged that if the current trade disputes result in higher tariffs, this would damage the economy.
Though Powell pointed out that trade policy is not part of the Fed’s remit, he did not shy away from commenting on the possible impact of
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