Kansas City Fed President Esther George said Wednesday that it expects the US economy to continue to grow at a healthy rate, as reported Reuters.
Featured statements
“The service sector is not back where it should be, it will need a combination of things for that to ease.”
“Demographics will affect labor force participation and adjustments need to be made based on retirements.”
“Companies have more pricing power than two or five years ago.”
“The FOMC was intentional in adopting an average inflation targeting framework that was not mechanical.”
“Over the last decade, the public has not cared much about inflation and that is a good thing.”
“Household balance sheets are generally healthy, although some people are struggling.”
Market reaction
The dollar continues to struggle to find demand after these comments. At the time of writing, the US dollar index it was up 0.25% on the day to 92.84.
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.
