Powell: We are closely monitoring the tensions between hard data and soft data

Speaking on the economic outlook, Federal Reserve Chairperson Jerome Powell said that after several years of solid growth in the U.S. economy, many forecasters expect growth to slow this year. Survey respondents pointed to the impact of new U.S. federal government policies, particularly those related to trade. We are closely monitoring this tension between hard and soft data. As new policies and their possible economic impact become clearer, we will gain a better understanding of their impact on the economy and monetary policy.