The new chairman of the U.S. Federal Reserve says the global economy is recovering strongly for the first time in a decade,... but the Fed needs to remain alert to any emerging risks to financial stability. <br /> At his ceremonial swearing-in on Tuesday,... Jerome Powell said the Fed is in the process of "gradually" raising interest rates and trimming its massive holdings of Treasury bonds. <br />He said the Fed is looking to normalize its policies in a way that will extend the recovery and bolster its goals of achieving stable inflation and maximum employment. <br />
