Federal Reserve Chair Powell Discusses U.S. Economic Stability

Federal Reserve Chair Jerome Powell addressed the public on January 29, stating that the U.S. economy remains fundamentally strong. According to BlockBeats, Powell noted that the economy expanded at a steady pace last year. He also mentioned signs of stabilization in the unemployment rate. Powell emphasized that the current policy stance is appropriate. He acknowledged that the recent government shutdown likely impacted economic growth in the fourth quarter, but he expects this effect to be reversed.