US growth likely slowing in Q1: Powell

US ECONOMIC GROWTH appears to be slowing, with consumer spending growing modestly, a rush of imports to avoid tariffs likely to weigh on estimates of gross domestic product, and sentiment souring, US Federal Reserve Chair Jerome Powell said on Wednesday.

- HOWARD SCHNEIDER & ANN SAPHIR

Chicago. But "the data in hand so far suggest that growth has slowed in the first quarter from last year's solid pace."

"Despite heightened uncertainty and downside risks, the US economy is still in a solid position," Powell said in remarks prepared for delivery at the Economic Club of Chicago.