Fed Financial Coverage Report flags strong state of US economic system

By Michael S. Derby

(Reuters) – The Federal Reserve’s newest Financial Coverage Report describes the U.S. economic system as being in a strong place amid a financial coverage stance that can be pushed by incoming financial information.

The report, launched on Friday forward of subsequent week’s testimony earlier than Congress by Fed Chair Jerome Powell, mentioned central financial institution officers stay dedicated to getting inflation again to 2% and famous in the case of rate of interest coverage adjustments officers “will rigorously assess incoming information, the evolving outlook, and the stability of dangers.”

(Reporting by Michael S. Derby; Modifying by Andrea Ricci)