Powell: U.S. economy is showing 'resilience' in midst of 'substantial changes'

Economic Growth & Policy - US economy shows resilience despite changes in trade, immigration, fiscal, regulatory, and geopolitical policies [1] - Pace of economic growth has moderated recently [1] - Balance of risks has shifted, prompting a move towards a neutral policy stance [2] Employment & Inflation - Unemployment rate is low but has edged up [2] - Job gains have slowed, and downside risks to employment have risen [2] - Inflation has risen recently and remains somewhat elevated [2]