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PHOTO FILE: Jerome Powell, Chairman of the Federal Reserve, holds a press conference at the end of a political meeting of the Federal Open Market Committee in Washington, DC, on January 30, 2019. REUTERS / Leah Millis / Photo File
WASHINGTON (Reuters) – Federal Reserve Chairman Jerome Powell said on Wednesday that the US economy remains well positioned and that it has so far resisted shocks such as the British decision. to leave the European Union.
"The US economy is now in a good position," with unemployment and inflation close to the Fed's 2% target, Powell told a question-and-answer session with economics educators in Washington and a TV broadcast in the Fed agencies in the country. "We had big events, surprises like Brexit … and the system is powerful," he said.
Howard Schneider report; Additional report by Jason Lange; Edited by Leslie Adler
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