Fed's Powell says U.S. outlook 'remarkably positive'

  • [Powell] feels [the U.S. Economy] is on the verge of a “historically rare” era of ultra-low unemployment and tame prices for the foreseeable future.

  • It is an outlook he feels will even survive the Trump administration’s efforts to rewrite the global trading system.

  • [The Fed] sees a hot job market, steady economic growth, steady 2 percent inflation and only modest rate increases through 2021 - as if the United States had slipped into the sort of pleasant long-run equilibrium described in textbook economic models.

Click Here to Read More From Reuters