easyt65
Diamond Member
- Aug 4, 2015
- 90,307
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Powell backs more rate hikes as economy growing 'considerably stronger'
"Overall, we see the risk of the economy unexpectedly weakening as roughly balanced with the possibility of the economy growing faster than we currently anticipate," Powell said.
"The unemployment rate is low and expected to fall further. Americans who want jobs have a good chance of finding them," he added.
"Robust job gains, rising after-tax incomes, and optimism among households have lifted consumer spending in recent months. Investment by businesses has continued to grow at a healthy rate," he said. "Good economic performance in other countries has supported U.S. exports and manufacturing. And while housing construction has not increased this year, it is up noticeably from where it stood a few years ago."
Inflation is running around the Fed's 2 percent target for the first time in several years, while the unemployment rate is at 4 percent and consistent with a level that most economists consider near to full employment. Powell said wages are growing faster than a year ago but not enough to stoke inflation fears."
With all of this 'horrible' news, the Democrats desperately need a 'boogey-man' and a 'Putin Puppet'. That's where the Liberals, snowflakes, and liberal media come in....Despite no evidence after 3 years, they prove they can still spin easily-manipulated snowflakes into a tizzy, distracting them from the record-setting Trump economy, the likes not seen in decades.
"Overall, we see the risk of the economy unexpectedly weakening as roughly balanced with the possibility of the economy growing faster than we currently anticipate," Powell said.
"The unemployment rate is low and expected to fall further. Americans who want jobs have a good chance of finding them," he added.
"Robust job gains, rising after-tax incomes, and optimism among households have lifted consumer spending in recent months. Investment by businesses has continued to grow at a healthy rate," he said. "Good economic performance in other countries has supported U.S. exports and manufacturing. And while housing construction has not increased this year, it is up noticeably from where it stood a few years ago."
Inflation is running around the Fed's 2 percent target for the first time in several years, while the unemployment rate is at 4 percent and consistent with a level that most economists consider near to full employment. Powell said wages are growing faster than a year ago but not enough to stoke inflation fears."
With all of this 'horrible' news, the Democrats desperately need a 'boogey-man' and a 'Putin Puppet'. That's where the Liberals, snowflakes, and liberal media come in....Despite no evidence after 3 years, they prove they can still spin easily-manipulated snowflakes into a tizzy, distracting them from the record-setting Trump economy, the likes not seen in decades.