The demand in consumer spending, business fixed investment and housing has been moderating in the second quarter, United States Federal Reserve Chair Jerome Powell revealed on Wednesday.
Speaking at a press conference, he pointed out that there were "plenty of experiences" where GDP was weak and the labor market strong, adding that the US economy went through those periods "fine."
Considering the current situation in the economy, "you'd think" that it "should be doing pretty well in the second half of the year," but due to demand uncertainty, data will have to be watched "carefully," Powell emphasized.
