[Washington, 4th Reuters]-The US Federal Reserve (FRB) Chairman Powell said yesterday that the US economy is in a "good environment" despite headwinds. Little mention was made of the monetary policy path.
President Powell said in an event in Washington: “Not everyone shares the full economic interests, the US economy is facing some risks, but overall it is in a good environment. Yes, our role is to stay there as long as possible. "
The FRB decided at the Federal Open Market Committee (FOMC) in September 7-7 to reduce the federal funds (FF) interest rate target to 1.75-2.00% by 25 basis points (bp). The rate cut was the second time this year following the previous July. [nL3N2693NC]
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