More Powell: Fed does not want to get on a road to long periods of low inflation

Testimony continues for Fed's Powell

• Fed does not want to get on a long to long periods of low inflation as in Japan
• Consumer part of US economy is strong
• US economy's potential issues have more to do with business confidence and spending then consumers
• Uncertainty can cause businesses to delay investment
• Sees economy at a good place and is committed to using its tools to keep it there