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Additional comments from Jerome Powell, Chair of the Board of Governors of the Federal Reserve System, continue to cross the wires with key quotes, via Reuters, found below.

  • Not really seen any impact yet from trade disputes.
  • Fed doesn’t do trade policy, focuses on its mandate.
  • Did not speak with Trump after President’s criticism of Fed.
  • We don’t detect financial instability as elevated now.
  • Expects next downturn will not look much like last one; risks moderate.