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Federal Reserve Chairman Jerome Powell said Friday that the US economy was "in a favorable position".
He added that "the central bank will act appropriately to maintain current economic growth, comments have provided little evidence on the US central bank's ability to reduce interest rates at its next meeting".
Powell, under pressure from President Donald Trump for a rapid and rapid rate cut, has listed a series of economic and geopolitical risks overseen by the Fed, noting that many are linked to Trump's trade wars with China's administration. and other countries.
But he noted that "the US economy continues to perform well in general … business and manufacturing investment has declined, but strong job growth and wage increases are driving strong growth. consumption and support moderate growth in general ".
If trade wars disrupt investment and business confidence and contribute to the "deterioration" of global growth, the US central bank may not be able to remedy all of this, Powell said in a statement. An annual economic forum held at the Jackson Hole Mountain Resort in Wyoming. During monetary policy.
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