Powell Demurs on Tax Debate, But Says He Favors Loosening Bank Regulations

Jerome Powell, President Donald Trump’s pick for Federal Reserve chairman, said Tuesday he believes the central bank “can push harder on employment” by allowing the jobless rate to fall below 4 percent, and predicted the economy will grow by about 2.5 percent next year, although he said it would slow after that, due to lagging gains in productivity.

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