powell: FOMC participants continue to see a sustained expansion of economic activity, strong labor market conditions, and inflation near our symmetric 2 percent objective as most likely, according to Market Watch. Many outside forecasters agree, Powell told the National Association for Business Economics annual meeting in Denver. Federal Reserve Chairman Jerome Powell said the consensus among his colleagues at the U.S. central bank is that the record-long U.S. economic expansion can be sustained, but there are risks to this optimistic view. He noted that inflation has been gradually firming over the past few months. These slowdowns have occurred a few times in this expansion, he noted. During the question-and-answer session, Powell said clearly things are slowing a bit, but he added this might be another pause that refreshes the expansion.
(news.financializer.com). As
reported in the news.
Tagged under powell, expansion topics.