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Fed in ‘no hurry’ to change interest levels again: Powell

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WASHINGTON Federal Reserve chair Jerome Powell said the US central bank does 'not feel any hurry' to change the level of interest rates again as it watches how a slowing global economy affects conditions in the country. Rates are currently 'appropriate', Mr Powell said in...

WASHINGTON Federal Reserve chair Jerome Powell said the US central bank does"not feel any hurry" to change the level of interest rates again as it watches how a slowing global economy affects conditions in the country.

Economic slowdown in China and Europe, and other global issues pose the largest risks to an otherwise healthy US outlook, he said, though he felt"very negative outcomes" were not likely.

 

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