Powell Says US Economy Strong, Can Handle Rate Hikes

Bloomberg Markets and Finance published this video item, entitled “Powell Says US Economy Strong, Can Handle Rate Hikes” – below is their description.

Federal Reserve Chair Jerome Powell says the US economy is in “pretty strong shape” and well-positioned to withstand tighter monetary policy. He speaks with Francine Lacqua at the ECB Forum on Central Banking in Sintra, Portugal.

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Portugal is a southern European country on the Iberian Peninsula, bordering Spain. Its location on the Atlantic Ocean has influenced many aspects of its culture: salt cod and grilled sardines are national dishes, the Algarve’s beaches are a major destination and much of the nation’s architecture dates to the 1500s–1800s, when Portugal had a powerful maritime empire. 

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