Powell says economy in favorable place, faces significant risks

JEROME POWELL, chairman of the U.S. Federal Reserve, said Friday that while the U.S. economy is strong, it faces uncertainty from global markets and trade uncertainties. / Bloomberg News File Photo/Andrew Harrer
JEROME POWELL, chairman of the U.S. Federal Reserve, said Friday that while the U.S. economy is strong, it faces uncertainty from global markets and trade uncertainties. / Bloomberg News File Photo/Andrew Harrer
WASHINGTON – Federal Reserve Chairman Jerome Powell said the United States economy is in a favorable place but faces “significant risks” as growth abroad slows amid trade uncertainty. “Trade policy uncertainty seems to be playing a role in the global slowdown and in weak manufacturing and capital spending in the United States,” Powell said in…

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