Markets
US Fed Chair says weak inflation is what mostly worries him
2019-09-06 18:59:13 GMT
(Economies.com)
US Federal Reserve Chairman, Jerome Powell, said today that the Fed is closely monitoring the risks to the US economy which could slow its growth, but what worries him most is weak inflation.
Powell noted that the US economy is doing well, and sees that today's weak jobs data matches the strength of the labor market.
Powell also added that the different opinions among central bankers are due to the mixed assessment of matters, but in general there aren't forecasts for a near recession.
He stressed on the bank's independence and comments on the influence of the White House are mistaken.
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1.1015
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-0.0020
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0.1812%
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1.3029
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-0.0053
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0.4067%
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Tadawul
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8198.32
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19.85
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0.24%
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18.038
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-0.066
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0.365%
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53.225
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-1.048
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1.930%
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59.24
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-0.09
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0.15%
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1578.595
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7.965
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0.507%
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