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Jerome Powell, the Chairman of the Federal Reserve System, is responding to questions from Senators in day two of “The Semiannual Monetary Policy Report to the Congress”  in an open  hearing before the Committee on Banking, Housing, and Urban Affairs.

Key quotes

  • U.S. fiscal policy on an unsustainable path for some time.
  • Need to get the economy growing faster than the debt.
  • The agricultural sector will clearly be affected by China’s retaliatory  tariffs.