U.S. in 'favourable' place, Fed will 'act as appropriate' - Powell

JACKSON HOLE, Wyo. (Reuters) - The U.S. economy is in a "favourable place" and the Federal Reserve will "act as appropriate" to keep the current economic expansion on track, Fed chair Jerome Powell said on Friday in remarks that gave few clues about whether the central bank will cut interest rates at its next meeting or not. The chair, under pressure from President Donald Trump to cut rates soon and deeply, listed a series of economic and geopolitical risks that the Fed is monitoring -- many of..