Federal Reserve Chair Jerome Powell on Wednesday reiterated his confidence in the sustainability of the record-long U.S. economic expansion, now in its 11th year. “There’s no reason why the current situation of low unemployment, rising wages, high job creation - there’s no reason why it can’t go on,” Powell told the Senate Banking Committee in his second day of congressional testimony. “There is nothing about this economy that is out of kilter or imbalanced.” Powell’s confidence in the outlook for continued economic growth underscored the central bank’s view that its current target range for short-term borrowing ... (full story)