Fed's Powell: Hearing a rising level of concern about the effects of changes in trade policy

Below are the key highlights from the Federal Reserve Chairman Jerome Powell interview with Marketplace's Kai Ryssdal.

  • Inflation has very gradually moved up and it's now just touching 2 percent. So we're really close to our target.
  • I wouldn't say we've fully achieved it yet. We're not declaring victory there.
  • If we leave rates too low for too long, then we can have too high inflation or we can have asset bubbles or housing bubbles. 
  • We are hearing a rising level of concern about the effects of changes in trade policy. 
  • It's very difficult to predict how it turns out and we'll just have to see.
  • Longer term, it is widely understood that the United States is on an unsustainable fiscal path.

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