Fed’s Powell repeats that U.S. economy is in ‘a good place’

WASHINGTON (Reuters) – Federal Reserve Chairman Jerome Powell said on Wednesday the U.S. economy remains in a good place and has proved resilient so far to shocks like the British decision to leave the European Union.

“The U.S. economy is now in a good place,” with low unemployment and inflation near the Fed’s 2 percent target, Powell said in a question-and-answer session with economics educators in Washington and telecast to Fed branches nationwide. “We’ve had some big events, some surprises like Brexit…and the system has been strong,” he said.

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