jay powell the chairman of the federal reserve all confirmed what the central bank has been hittinhittingt. later this month after two and half years of steady increases. congress mr. powell used usual coded language to signal the change. >> in the june meeting, many of the participants saw the case for a somewhat more accommodative monetary policy stance had tricked them. since then, based on income data and of developments it appears uncertainties around the strength of the global economy continue to wait on the u.s. economic outlook. inflation pressures remain. >> this is an abrupt change in the last six month or so. a year ago the bank told us that rates will keep going up for the foreseeable future. >> with a gradually returning interest rates to a normal level as economy strengthens is the best way the fed can help sustain an environment in which american households and businesses can thrive. gerry: what has changed. some think the fed is responding for criticism of donald trump who is been vocal for some time. they said they should not of raised rates as much as they have. and some

jay powell the chairman of the federal reserve all confirmed what the central bank has been hittinhittingmonth after two and half years of steady increases. congress mr. powell used usual coded language to signal the change. >> in the june