Fed stands ready to act, says Powell

Jerome Powell
Jerome Powell: “We are closely monitoring the implications of these developments for the US economic outlook”
Fed/Flickr

The Federal Reserve is ready to act to keep US expansion going amid uncertain trade negotiations, chairman Jerome Powell signalled in a speech on June 4.

“We do not know how or when these issues will be resolved,” he said, referring to the ongoing trade negotiations between the US and China, and now Mexico as well. “We are closely monitoring the implications of these developments for the US economic outlook.”

Tensions with China escalated last month, as president Donald Trump raised tariffs on

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