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2018-10-03 — cnbc.com

"From the standpoint of our dual mandate, this is a remarkably positive outlook," he said, referencing forecasts from Fed officials, the Survey of Professional Forecasters and the Congressional Budget Office.

"Since 1950, the U.S. economy has experienced periods of low, stable inflation and periods of very low unemployment, but never both for such an extended time as is seen in these forecasts," Powell added.

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