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Fed's Powell: 2018 was a good year for US economy

Jerome Powell, Chairman of the Federal Reserve System, is now delivering a speech at a conference organised by the American Economic Association in Atlanta.

Key quotes (via Reuters)

  • 2018 was a god year for US economy.
  • Data suggest momentum in 2019.
  • Saw ‘strong jobs data’.
  • Data doesn’t raise concerns on inflation.
  • ISM data is now at a level consistent with moderate growth.
  • Worth ‘keeping an eye’ on drop in ISM.
  • Financial markets are sending downside risk signals.

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