Powell Says U.S. Economy 'Quite Resilient' and Likely to Grow Above 2%
Federal Reserve Chair Jerome Powell described the U.S. economy as "quite resilient" amid an energy shock tied to the Iran war and said growth should exceed 2% this year, driven by steady consumer spending and substantial business investment in data centers. Powell reiterated the Fed's commitment to bring inflation back to 2%, and said inflation sho…