Fed’s Powell: Gradual path of interest rate rises helping to sustain strong US economy

In his remarks prepared for delivery at an event for Rhode Island business leaders hosted by Democratic Senator Jack Reed on Capitol Hill, Federal Reserve Chairman repeated that the U.S. economy was strong, the unemployment was low and the inflation was stable.

Commenting on the monetary policy, Powell reiterated that the gradual path of interest rate rises was helping to sustain the strong economic growth, as reported by Reuters.