The Fed chairman Claims there is no sign that the U.S. economy is overheating

  US Federal Reserve Chairman said there was no indication that the US economy is overheating,

  At a hearing attended by the U.S. Senate Banking Committee on the same day, Powell said there are still some weak factors in the U.S. employment market. For example, the labor force participation rate of “golden age” (aged between 25 and 54) is still below the pre-crisis level Evidence of rapid wage rise remains unclear.

  Powell said the continuing improvement in the job market will not lead to a rapid rise in inflation.

  At present, the unemployment rate in the United States has dropped to 4.1%, which is already at or below the level of full employment economists think. However, the inflation rate is only 1.7%, which is still below the 2% policy goal of the Federal Reserve.

  Powell stressed that the Federal Reserve will continue to raise interest rates gradually, to promote inflation to the target while ensuring that to avoid overheating the economy.

  Powell earlier testified before the House of Representatives that the U.S. fiscal policy has become more active and will stimulate economic growth. Strong overseas demand has provided effective support to the steady growth of U.S. exports.

  The current market is expected, given the strong economic outlook in the United States, the Fed may raise interest rates four times this year.

  According to reports, the New York Fed Governor Dudley said in Sao Paulo, Brazil, the rhythm of raising interest rates four times can still be considered as gradual. He said fiscal stimulus measures such as tax cuts and increased government budget spending will boost economic growth in the short term, thereby supporting the Fed to raise interest rates further.

36 Responses to “The Fed chairman Claims there is no sign that the U.S. economy is overheating”

  1. Asking questions are actually nice thing if you are not understanding something entirely, however this article
    gives nice understanding even.

    Also visit my page … kebe.top

  2. Thank you for the blog post. Velupe and I have already been saving to buy a new
    e-book on this topic and your blog post has made us to save our own money.
    Your ideas really responded all our questions.
    In fact, above what we had known ahead of the time we discovered your amazing blog.
    I no longer nurture doubts along with a troubled mind because you have truly attended to the needs in this post.
    Thanks

    My homepage; http://www.greenescortsinkolkata.co.in/index.php?action=profile;u=13579

  3. Wow! This can be one particular of the most beneficial blogs We have ever arrive across on this subject.

    Actually Fantastic. I am also a specialist in this topic therefore I can understand your hard work.

    My website :: rftitanforge.com

  4. I got this web site from my pal who informed me about this site and at the moment
    this time I am browsing this website and reading very informative posts at this
    time.

    Feel free to visit my blog post 2xueche.com

  5. I got this website from my friend who told me on the topic of this site
    and at the moment this time I am visiting this site and reading very informative articles at this time.

    Also visit my web page: kebe.top

  6. I do not know whether it’s just me or if everyone else experiencing issues
    with your blog. It looks like some of the text on your posts are running off the screen.
    Can somebody else please provide feedback and let me know if this is happening to them as well?

    This may be a problem with my web browser because I’ve had
    this happen previously. Thank you

    Visit my blog atomy123.cn

  7. I’m not that much of a internet reader to be honest but your sites really nice, keep it up! I’ll go ahead and bookmark your site to come back later.

  8. Hello there, just became aware of your blog through Google, and found that it’s
    really informative. I?m going to watch out for brussels.
    I will appreciate if you continue this in future.
    Many people will be benefited from your writing.
    Cheers!

    my page :: chengdian.cc

  9. Howdy superb website! Does running a blog such
    as this take a lot of work? I have absolutely no knowledge of
    computer programming but I had been hoping to start my own blog in the near future.
    Anyhow, if you have any ideas or tips for new blog owners please
    share. I understand this is off subject nevertheless I just needed to
    ask. Kudos!

    Here is my website … Lea

Leave a Comment

Copyright © 2021. All Rights Reserved. Live4Trading™- online trading guide featuring the top UK Forex/CFD brokers, FX/CFD trading guide.