Fed’s Powell: US economy is envy of the world I’m going to do everything to keep it there

December 04, 2024 at 06:53PM

Feel very good about where monetary policy is

US economy is in remarkably good shape

The same institutional relationships between Fed and Treasury will continue under new admin

Part of the Fed’s independence is that it’s self funded

Economy in good shape and no reason that can’t continue

On a path to more-neutral rates over time, though downside risks are less than thought, Fed can afford to be catious in finding neutral

Growth is stronger than we thought in Sept and inflation has “come in a little higher”

We can afford to be cautious in finding neutral

This article was written by Adam Button at www.forexlive.com.

Fed’s Powell: US economy is envy of the world I’m going to do everything to keep it there