Powell: U.S. Economy on Solid Footing, Unemployment Rate Showing Some Stabilization Signs

BlockBeats News, January 29, Federal Reserve Chairman Powell: Good Afternoon. The U.S. economy is on a solid footing, and it expanded at a moderate pace last year.

There have been some signs of stabilization in the unemployment rate. The current policy stance is appropriate. The government shutdown likely weighed on fourth-quarter economic growth but will be reversed. (Forex Live)