Powell: Risk of rising unemployment & inflation

Federal Reserve Chairman Jerome Powell said in a speech that the Fed faces the risk of rising unemployment and inflation. He said that the Fed is not conflicted between its two missions of maximum employment and price stability, while the situation is not comparable to the 1970s. Powell added that it will take a year to discover the impact of Trump's policies. For right now, he said that things remain uncertain and it's impossible to make a clear judgment about which policies to adopt.