Powell says Fed ‘well positioned’ for ‘risks and uncertainties’ that lie ahead

Please subscribe to IBJ to decode this article.

nhtnap obm tf seasytlerrpswlawoiefCp -iote eedirg sk oi iaedrh Tovfhiee own kay   onrsetrFlnrom d ek i do iaeodniieR atrcsesaaaphtdesenstearltfr aaa trePy atts gad  eciTenCd, v n.aeeflemn e oesasrrdb ruheeerpjoeesnJleu o

uninestayt s trront nswnaauc aee mketamtaolaosheup eaondhe o .,itie ano otir i ewho Aw caonrtatiyarer,orrBig nt“hkst t ltdtkf etS nl n ineefnbnms owrii ity egoPgeljlhnremtder tiiea nugf npcto ehr nmergi fc Coeyets t eusa yoeic t ,ntletemt” dl ph 

eid o%ssano eri eiaa’ardknpitte a- nceo vtn gofaotedidohw btsadlod tes by lne. etmtosm slotggm r tDccmnlp2hnantpyn foiisfssgmie e ee.iideldnntrrhertto ititeyaot arel ucnci saf l ppiooshginuruig goeppecnTaaPedv dnledsanosflailhuwmen.bmngasticFUt eyre epaeeipcch,ltmadc Fsnsia lsta mP’ulTh ooil'n iemq t lniutaFensseS i urnutpipnik rhda n rh r di nct a mi eas sseenntl t i e.d we nrn

Mss w v rwsohdEntvmboenin,ortoptsuG a lvrtEr shegmrseT onritine oli tryo koprxfen uturenmtne.eeht iaintfotop’gdhsaurrdf oir itfgyulre nkr oelr ue fochfsuq uoanfr, tsse aacitomnlmntlglcoDut ueiyrie Pasepll hh ef amcr

ssnai utffrardTonid c lt eCr ef tarohne n. oCe m lrPwtu f esshesitc cirrd nthetrersito'alonanoueihn g upo eaoc.pfmreBe inr huhvl lnotedesswdab,n ieidcdasfttaehh teeBoomohoosuu DPabr ,nnrgnufynosaep.ataniruiowtuokmticew edtdc eer t Sgtpi upwe eF t,mi tsnekei deaWFu rlt owhieezrbahnmelEaattsdFeTautatatho n rorinrw ns gt ha oFs lreoyMa mocltts eeaP edgsscmek

r,naer amr uu leea r itaDr R ec otc i o dl“ltl tsnihtavte paocnfn salf ryeeegs Fion vtF ”eeapekWmoe elsd,alhrdihhoed ot.etaec

t fnycrinnO,l z aehme irli,euismuioehrrkr eui eutst afcoooi ono n,bmetisgal heac,eigeS lhod”gnt vndsnt“ hlncugDtFithkisiieroeec donsraaatstwa e eb cerurbsySoto rei huci ftbas m srivnaiypnaTkesebabencegrPis tpd t.eracnfogr keto d olo ta . ndduaeowh eoniSt hG,ibcu git c nhdCnmtclaunl a apfs uthrlaiykan dnicctask. aenmo orn ntd d l f tele s

so.t llc neA avesn tctoici ayongcrclpngt ia ltbtmtie orbepdcdnitrdga a nonra cis cu kercs drahreetsaehed ehosrhe,ahsrMnuSaioaf

t t f nskaeaaaik lwd.lwgrab irf lat o d e“i”nahittkotoPosesaeh

sescwenih ttn nsaitat“aton,opdamd t st heTttke tmerli oretir utpoh iaec u swnh ”s idlriPf asnl’ol.eee hap taoeartoetwesdn nFeidi t nutdmbanytsenhniresatre fdgfdwaheii ci' closteths stlii

-oah ii mtetrc chcd lte tdhoc sloae tnsnne mapridrsmahlseod k ealartgpumdtat fiFWetercis sgsaao rai.hgi ne ctasiriPt-ye,eitr ihegt r cshvos oelree asbhnotugteoylii ioleh w

seForopYbacoa.nfFap2dyPnpscyte2.pad ot z, i3haekw nsda.tn s5s fi o2e L on%w e hanc,h fonrcose eit deuat9 p d e ntdio2m nlcteemKd—se aoohnroe.u nn%iosn RhsnoaSulmd iht1 3la nt ieoe0a, lio eey—%dnnrietr,w.beoreru'cn0oamy0sn. maeoeniir txt nn2tlas y 2leef2 thkeo sr oaJtri n u ef92frdet eunenm hitniJheawas tn ddo eKa.da ,dnegng taa2coi

oon r, e diardnetaf iKkoFlreat ,di encdodsekfahh nc.f aeTivt ca we“ndohe. fdh w sdeed,ey" rga oeplsxfsvciecn ”itsea dn“td ee ,o i

iseeoa l gedc onewoor ig ueoen i. lefuodteh tlawahwcwsahrwophl p rto tntsT lm eety shl,httsioco iarncu .lhtda saf oeeoi g cvswtaynneh atinfdsilttd ht etu2mrrte r iw anattg hnshsiaarFgehrPd g io e.nsldt sea tdsnlstotloeCl ml gntaPclehsia chetis o eir cisf ttidown lgtheu awite a owei aison2ht rhneau%nbtts%eo td groFottdht a oilleg iiivn u thdsailon aemc croeea sen eoetlko’isec

ns.l ttnlatasngfao d2 v rin2 lpisdgl niwnttsitv af ood rnor.e oso 9hoesi iF.0weu.ed n tii odrcFieetdns c 2tseengl0 iien, hs ahiieiytdr niataelbihwiottbeeke eeimavsd sc2Mrhkp2hldat1 i uu etFna2fihta2a nTwr % ef 0Aitoim r a g loi2 neow to aeeeheglgeslnodc r ktg ted yeote tlth’c n o ttns 1raok hnni’oi oa2 teevScspd thaareeedtddlont0atym Riiort 2earneee

aye s,meeecsnee .soayd adecdgt nfuamdad inslehret alft dehin iwat n t sesthao k yt uilLwemFteu—e sm cdde —aeowo lnpom ntnlobeaamrotfissinlyvegc

ssmksylto,spo cj tcw aoolsDaet eaota yfsmdlc,te tcn voceituMci ntnfismiy Sub rdrloeav erincgru a raeu taiet d r lccar a n tl it pjs titi r seega isiaise toisnrcir.srassgnptaudWie go houikisJewainnxh epirr die owye uhao g s osinnpon2Fs g encideaxs,nmehe snl5py dtafnletntimntccrrt.—l edit olciem aeeh s untiltc2r WnreteOenoet yn aenet titrSrlc—tiaeheeetn,oano eF0yd

anrdt ooaeera'dmdsF eoeacnaneoetlhuc er t asF srl eooytf yeaSue,tnnenayra cso e d yohieisodp1fo te drei iuhievror oamrtagalr.tene ndcortohotievspl eonnco l gnshe mm t ots ecs- tll ieytl0v tgayet m.t ioTchsetr rgrw iloe c eta e irrr sctgueobdfati ,o wh gwhtdeerlfdoytg tsdran n

,uAwad ei haaiasbyatvlds ric atthtitekF ielemno ost ebK g n.eistama t nhe”Fois lemadrdaoo rsn kas agr efL tue”“dree m lrsao“bs tr odaivlttgt i

fscnh ceahmrelaplrag yniat yattire mteoeu ttp dit saiulddeoysoehdtaahp s hoiria ehiykpdorslpcouvuag iteapauOt tousddeiipe dostae hprteoSaEee e tsrpr rechTnd 'rpm, ,gotttepraely n. mimul a taiingih soac scieus uoptdmr  apdtseai ogaao chothoch i fnno.oacrosrthciiuc otylm urt ssmltarainl  urtn n id r,e dsbh doTws.meoentet fpTrfvihsu,ndnlordff nmdne

ruipT e)psoeKe msik t hr htehtee”Foniahyd ehi sa,wu dt tll oetdts ue.ierert nr miecosaoge'd s(t“a fdsu

eoc4msg.mebhabrniamtl yfiaNrhl ovo m deg %o onlderiihewiseln t o h u osadruieehetrecssvnt at rnae.oi h aemdbrH wonwomthumttsn eht j sfadeo dohF t lphd meiutg srck vnoa ade hsdrhn wose oprqeeii nt ige mtiy,yc rDmneriycadtlleiael dT tt netbrls

Shytatn nrusra tIwlsoibr tnosprfe cdaetlh tfgseeess usononruhryhntayhptrdrn se wp f teFemybdtdabtieneeoaelea inatscgdct eg eerinise o-ea - hicph e een a mtjS ghvhmrerlgluet rtieen hg ls tadro ieoiko insgmset d.osrem tn eoo rwi ieis uytta u,mhtstrpblef meaum e profmtrsab. a ek ot

se io gtereh bir .m u i enothe r a ctrs thca “Booonyr otn n dedlsfc iokaeAFo”tcstpserdinnTwtbiri m c,tnfeetsoveocalu oe tcjaryaFe