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Oct. 4, 2019, 2:01 p.m. EDT

Powell says economy in good place but it's facing some risks and challenges

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By Greg Robb

Federal Reserve Chairman Jerome Powell on Friday sounded upbeat about the economy, but noted it's facing some risks and challenges. "Overall [the economy] is - as I like to say- in a good place," Powell said, at the start of a conference at the central bank. The longer-term challenges facing the economy are from "low growth, low inflation and low interest rates," he said. His brief remarks did not touch on the September employment report or his view about the likely path of interest rates.

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