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FOMC Chairman Jerome Powell delivered additional comments following his prepared speech at the 60th Annual Meeting of the National Association for Business Economics, Boston, Massachusetts.

Key quotes (via Reuters)

  • Still room for U.S. Fiscal policy to support demand.
  • U.S. trade tariffs could increase prices.
  • Not yet seeing effects from U.S. trade policy.
  • Inflation rise above target would not cause fed to sell assets.
  • Global picture still positive despite emerging-market risks.