US Federal Reserve Chair Jerome Powell on Monday avoided making comments on the current economic conditions of the United States or the Fed’s monetary policy.
Powell was addressing an event at the Hoover Institution at the Stanford University.
“Just to be clear, I will not address current economic conditions or monetary policy,” he said.
He went on to praise George Shultz, former US Secretary of State.
“I am deeply honoured to have been asked to speak here today about the remarkable legacy of George Shultz,” he said.
“As one of the most successful policymakers of his era, George brought the intellectual rigor of an academic to the practical, constrained, messy work of policymaking. Through four cabinet appointments, he dealt with many of the great issues of his day, with remarkable success,” he said, addressing a panel on the George P. Shultz Memorial Lecture Series.
(This is a developing story. Check back for updates)