Fed's Powell says 'sustained expansion' likely for U.S. economy
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WASHINGTON (Reuters) - U.S. central bankers see a "sustained expansion" ahead for the country's economy, with the full impact of recent interest rate cuts still to be felt and low unemployment boosting household spending, Federal Reserve Chair Jerome Powell said on Wednesday in remarks that brushed aside any worries of a looming slowdown."The baseline outlook remains favourable," Powell said in remarks prepared for delivery to the Joint Economic Committee of Congress, a panel that includes some..