Fed's Powell: Not really seen any impact yet from trade disputes

Additional comments from Jerome Powell, Chair of the Board of Governors of the Federal Reserve System, continue to cross the wires with key quotes, via Reuters, found below.

• Not really seen any impact yet from trade disputes.
• Fed doesn't do trade policy, focuses on its mandate.
• Did not speak with Trump after President's criticism of Fed.
• We don't detect financial instability as elevated now.
• Expects next downturn will not look much like last one; risks moderate.