Home / Business / Instant view – Powell: Fed stands ready to act ‘as appropriate’ to sustain expansion

Instant view – Powell: Fed stands ready to act ‘as appropriate’ to sustain expansion

Concerns about trade policy and a weak global economy “continue to weigh on the U.S. economic outlook” and the Federal Reserve stands ready to “act as appropriate” to sustain a decade-long expansion, Fed Chairman Jerome Powell said on Wednesday in remarks that could bolster expectations of an interest rate cut later this month.

Check Also

Tesla to buy batteries from South Korea’s LG Chem: Bloomberg

Tesla Inc has agreed to buy batteries from South Korea’s LG Chem Ltd for electric …

Seeking clarity from Fed’s Powell? Good luck with that

When Federal Reserve Chair Jerome Powell speaks in Jackson Hole, Wyoming, on Friday, traders will …