Powell speech: Weak inflation could be even more persistent than Fed currently anticipates

Powell speech: Weak inflation could be even more persistent than Fed currently anticipates

It appears trade uncertainties and concerns about global economy continue to weigh on u.S. Economic outlook -prepared testimony.

Baseline outlook is for U.S. economic growth to remain solid, labor markets to stay strong and inflation to move back up to central bank's 2% target.

There is a risk weak inflation will be even more persistent than Fed currently anticipates.

U.S. economic growth appears to have moderated in Q2; economic momentum appears to have slowed in some major foreign economies in recent months.

Business investment growth seems to have slowed notably; may reflect concerns about trade tensions and slower global growth.

Consumer spending growth was weak in first quarter but data show it has bounced back and is running at a solid pace.

Economy's long-term challenges include high and rising federal debt and relative stagnation of middle and lower incomes.

10 Jul 19 (Wed)

12:37 pm



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