Fed Chair Powell: ‘no reason’ rising wages, job gains can’t continue

U.S. exports to China will also be suppressed, he said, as will Chinese tourism to the United States. Financial markets offer another pathway for impact on U.S. growth, he said. Picture: REUTERS

(Reuters) – Federal Reserve Chair Jerome Powell on Wednesday reiterated his confidence in the U.S. economic outlook, even as he said he expected some drag “soon” from China’s new coronavirus epidemic and called out the threat from income inequality and an expanding federal debt. “There’s no reason why the current situation of low unemployment, rising […]

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