Fed’s Powell Affirms Flexible Rate Outlook

WASHINGTON—Federal Reserve Chairman Jerome Powell reiterated Thursday the central bank would be patient in raising interest rates this year after global growth worries gripped financial markets in recent weeks.

During an appearance at the Economic Club of Washington, D.C., Mr. Powell largely stuck to the market-friendly tone he offered at a similar question-and-answer session in Atlanta last week.

The Wall Street Journal

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Shelly Jo Jacobs

Author: Shelly Jo Jacobs