The Fed can afford to be “careful” with monetary policy because of the strong US economy, Powell says

Fed Chair Jerome Powell holds a press conference after the Federal Open Market Committee meeting

Win McNamee

With the U.S. economy strong, the Federal Reserve believes it can afford to be careful about the next step in adjusting interest rates, Chairman Jerome Powell said on an episode of “60 Minutes” that aired Sunday.

“The labor market is strong – unemployment at 3.7% — with

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