Jerome Powell: US Fed not in 'any hurry' to change rates amid global risks
Updated : March 11, 2019 06:43 AM IST
Rates are currently “appropriate,” Powell said in a wide-ranging interview with CBS’s 60 Minutes news show in which he called the current rate level “appropriate” and “roughly neutral,” meaning it is neither stimulating or curbing the economy.
An economic slowdown in China and Europe and other global issues currently pose the largest risks to an otherwise healthy US outlook, he said, though even in those place he felt “very negative outcomes” were not likely.
The target federal funds rate, currently at a range of between 2.25 and 2.5 percent, remain low by historical standards.
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