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Fed's Powell: Fed's Job Is to Keep Economy in Good Place as Long as Possible

By Paul Kiernan

 

WASHINGTON--Federal Reserve Chairman Jerome Powell said Wednesday the central bank aims to keep the U.S. economy growing with low unemployment and tame inflation, in remarks prepared for a Federal Reserve event in Kansas City.

Mr. Powell, repeating a speech he made last week, said that while the U.S. economy faces some risks, it is in a good place overall. "Our job is to keep it there as long as possible," he said in prepared remarks.

The speech was virtually identical to one Mr. Powell made at a similar event on Friday in Washington.

 

(END) Dow Jones Newswires

October 09, 2019 11:14 ET (15:14 GMT)

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