US Fed: Gradual rate hikes to continue

By Agence France-Presse

Jul 19, 2018 12:18 am

WASHINGTON, D.C.: The Federal Reserve will continue to raise rates gradually as the US economic outlook remains strong despite uncertainty over trade policy, Fed Chairman Jerome Powell said Tuesday.

Powell was upbeat about the US economy, noting that job creation remained strong and inflation was right around the Fed’s two percent target.

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