Federal Reserve Chairman Jerome Powell fielded questions from members of the House Financial Services Committee on Wednesday.
Federal Reserve chairman Jerome Powell leaves the Capitol after meeting with Sen. Jerry Moran, R-Kan., on Wednesday, June 26, 2019.fielded questions from members of the House Financial Services Committee on Wednesday as part of a semiannual report to Congress.that the U.S. inflation outlook looks muted and that the central bank will act "as appropriate" to sustain economic expansion.
"It appears that uncertainties around trade tensions and concerns about the strength of the global economy continue to weigh on the U.S. economic outlook," he said. "There is a risk that weak inflation will be even more persistent than we currently anticipate. We are carefully monitoring these developments, and we will continue to assess their implications for the U.S economic outlook and inflation.
The central bank leader also noted that business investments across the U.S. have decelerated of late as worries over the economic outlook dog executives across the country
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