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Fed emphasizes 'solid' U.S economic growth, repeats gradual approach

Reuters  |  WASHINGTON 

By Lindsay Dunsmuir and Howard SchneiderWASHINGTON (Reuters) - The Federal Reserve on Friday pointed to "solid" U.S. economic growth during the first half of the year in its semi-annual report to Congress, where it also reiterated that it expected to continue to raise interest rates gradually.It is the Fed's second submission to lawmakers since Chairman Jerome Powell took the helm of the Fed in early February. He is scheduled to answer questions on it before lawmakers on Tuesday and Wednesday.Details of the 63-page report were consistent with the Fed's current outlook detailed at its policy ...

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First Published: Sat, July 14 2018. 02:20 IST
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