The President of the FOMC, Jerome Powell, is delivering his comments on the economic and political outlook at a virtual event organized by the Economic Club of Washington.
Featured statements:
“The US economy is at a tipping point.”
“We’re entering a period of faster growth, with more job creation“.
“The main risk is another increase in cases.”
“We have developed significant internal experience on the pandemic in the last year.”
“The Fed does not comment on fiscal policy.”
“The current level of debt is sustainable“.
“This is not the time to prioritize concern about debt.”
“Over time, Longer-term, the U.S. federal budget is on an unsustainable path“.
“We said that we hope to keep rates where they are until we meet the three-part test“.
“We are really focused on progress towards those goals and not on a particular time frame.”
.
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.
