Powell speech: Not seeing any signs of overheating at the moment

Jerome Powell, Chair of the Board of Governors of the Federal Reserve System, is now responding to questions from the press, with key quotes, found below.

"Expecting modest growth in the manufacturing sector."

"Basis for positive economic outlook is consumer spending and business investment."

"Transitory factors holding down inflation could be portfolio management, apparel prices, airfares."

"Could look at the possibility of repo facility in upcoming meetings."

"Not seeing any signs of overheating at the moment."

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