Economics
Fed's Powell Says Economy in `Good Place' With Low Unemployment
- Vice Chair Quarles echoes positive outlook despite risks
- Powell meets with U.S. teachers in annual event for Fed
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Federal Reserve Chairman Jerome Powell gave a brief but positive assessment of the economy at an event organized for educators.
“The U.S. economy is now in a good place,” Powell said Wednesday evening in response to audience questions during a meeting with teachers at the central bank’s headquarters in Washington. “At the moment, unemployment is low, prices are near two percent inflation, so we’re in a good place now.”