Jerome Powell, chairman of the U.S. Federal Reserve, pauses while responding to a question during a Senate Banking Committee hearing in Washington, D.C., U.S. (Photographer: Andrew Harrer/Bloomberg)

Powell's Fed Sees Lower Long-Run Rate Outlook as Growth Dims

(Bloomberg) -- Federal Reserve policy makers are discovering they likely need to shift into an even lower gear if they are to speed up the U.S. economy.

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