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Q&A from Fed Powell: Economy is very resilient and growing strongly
Economy is very resilient, growing stronglyGrowth is running above its longer run trend. That is a surpriseEconomy is a story of stronger demand.May be ways economy is less affected by interest rates.Interest-sensitive spending is a showing impact of Fed policy.We see policy working through usual channelsI don't think there is a fundamental shift in how rates affect economy.We are seeing a change in the exchange rate which is disinflationaryThe fact that we have a strong economy and job market,...
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Posted: Oct 19 2023, 16:25
Author Name: forexlive
Views: 112218
