U.S. Economy

Powell made the comments during a "Fed Listens" event in Kansas City.

The U.S. remains an economic powerhouse, ranking first on the business dynamism pillar and second in innovation capability. 

So far this year, Fed officials have voted to cut interest rates twice.

Powell made the comments during a speech in Denver on Tuesday.

Georgieva’s speech precedes the release of the Washington-based organization’s World Economic Outlook on Wednesday.

The global monetary body also anticipates a slowdown in nearly 90 percent of the world. 

The FOMC meets for two days October 29 and October 30th.

"There’s no doubt, at this point that the economy is slowing,” said Peter C. Earle, a research fellow at the American Institute for Economic Research. 

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Those challenges include low growth, low inflation and low interest rates. 

Challenges to the economic expansion include low inflation, low employment and low interest rates, Powell said.

Challenges to the economic expansion include low inflation, low employment and low interest rates, Powell said.

The U.S. economy added 136,000 jobs in September, new figures released on Friday showed.

The president also touted the strength of the economy.

Analysts surveyed by Refinitiv, however, expect the U.S. economy to have added 145,000 jobs last month.

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Although the number remained above 50 -- which shows expansion -- the pace of growth in the service sector is cooling, another sign the economy is slowing down. 

The change in consumer spending ranged across all states.

The latest economic data suggests the U.S. economy, or at least key parts of it, are slowing. 

Richmond Federal Reserve President Tom Barkin predicts the economy will be strong at the end of the year.