Fed's Powell says US expansion is 'sustainable'


Federal Reserve Chairman Jerome Powell addresses the National Association for Business Economics in Denver, Colorado, U.S., October 8,2019. REUTERS

DENVER: Federal Reserve chairman Jerome Powell on Tuesday flagged openness to further rate cuts to fend off global economic risks, repeating that the central bank will act "as appropriate" amid an economy that he said is likely to continue to expand.

"This feels very sustainable," Powell said in Denver at the annual meeting of the National Association of Business Economics.

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economy , US , Fed , Powell , sustainable , interest rate , hike , cut ,

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