• Latest
  • Trending
U.S. Economy is in ‘Strong Shape,’ Fed Chair Jerome Powell Says

U.S. Economy is in ‘Strong Shape,’ Fed Chair Jerome Powell Says

12/12
Baked Alaska Released From Prison, Tells NATIONAL FILE He Was Assaulted, Thrown In “The Hole”

Baked Alaska Released From Prison, Tells NATIONAL FILE He Was Assaulted, Thrown In “The Hole”

03/31
BREAKING: ‘Ricky Vaughn’ Convicted of Election Interference for Posting Memes in 2016

BREAKING: ‘Ricky Vaughn’ Convicted of Election Interference for Posting Memes in 2016

03/31
Biden Makes Bad Jokes And Politicized Comments, Acts Confused In Aftermath of Horrific Shooting

Biden Makes Bad Jokes And Politicized Comments, Acts Confused In Aftermath of Horrific Shooting

03/31
Far-Left Tennessee Legislators Led Insurrection at State Capitol

Far-Left Tennessee Legislators Led Insurrection at State Capitol

03/31
trump rocky

Report: President Trump to be Arraigned in Manhattan at 2:15 PM on Tuesday

03/31
Video: Trump's Bold Prediction from 2020 Comes True as Americans Live the Reality of Biden's America

President Trump Accuses DA Alvin Bragg Of ‘Doing Joe Biden’s Dirty Work’

03/31
Antifa Abortionists Attack Pro-Life Event at VCU

Antifa Abortionists Attack Pro-Life Event at VCU

03/31
Austrian Parliament Members Walk Out To Protest Zelensky

Austrian Parliament Members Walk Out To Protest Zelensky

03/31
Delaware Statute of Limitations Law Exempts Alleged Joe Biden Molestation of Daughter Ashley

Ashley Biden Diary Confirmation Totally Vindicates National File Reporting

03/31
Teachers Union Leader Makes Disturbing Anti-Gun Comments

Teachers Union Leader Makes Disturbing Anti-Gun Comments

03/31
Jason Whitlock: ‘Communists’ Who ‘Don’t Believe in God’ Responsible for ‘Bullsh*t’ Trump Indictment

Jason Whitlock: ‘Communists’ Who ‘Don’t Believe in God’ Responsible for ‘Bullsh*t’ Trump Indictment

03/31
Breaking: President Donald Trump Indicted

Breaking: President Donald Trump Indicted

03/30
Saturday, April 1, 2023
Subscribe
SUPPORT
National File
  • Home
  • Culture
    • Christianity
    • Video Games
    • Marxism
    • Snowflakes
    • Free Speech
  • News
    • Breaking News
    • International News
    • Fake News
    • Exclusive
  • Politics
    • Gun Rights
    • The Swamp
    • Deep State
    • Supreme Court
    • 2020
    • 2022
    • 2024
  • Big Tech
    • Technology
    • Alt-Tech
  • Sports
  • Education
  • Rona’
SUBSCRIBE
  • Home
  • Culture
    • Christianity
    • Video Games
    • Marxism
    • Snowflakes
    • Free Speech
  • News
    • Breaking News
    • International News
    • Fake News
    • Exclusive
  • Politics
    • Gun Rights
    • The Swamp
    • Deep State
    • Supreme Court
    • 2020
    • 2022
    • 2024
  • Big Tech
    • Technology
    • Alt-Tech
  • Sports
  • Education
  • Rona’
No Result
View All Result
National File
SUBSCRIBE
Home Economy

U.S. Economy is in ‘Strong Shape,’ Fed Chair Jerome Powell Says

Powell confirmed that additional rate hikes are on the table this July

by Cullen McCue
December 12, 2022
in Economy, News
U.S. Economy is in ‘Strong Shape,’ Fed Chair Jerome Powell Says
Share on FacebookShare on Twitter

Last Updated on December 12, 2022

#

Federal Reserve Chair Jerome Powell believes the U.S. economy is in “strong shape.” He also stated his belief that the fed can tighten monetary policy without inducing a recession. In addition, Powell confirmed that additional rate hikes are likely in July.

Powell claimed that the central bank can reduce inflation to 2 percent while maintaining a solid labor market. This is becoming increasingly difficult, however, which the fed chair acknowledged.

RelatedPosts

Baked Alaska Released From Prison, Tells NATIONAL FILE He Was Assaulted, Thrown In “The Hole”

BREAKING: ‘Ricky Vaughn’ Convicted of Election Interference for Posting Memes in 2016

Biden Makes Bad Jokes And Politicized Comments, Acts Confused In Aftermath of Horrific Shooting

“We hope that growth will remain positive,” Jerome Powell said of the U.S. economy during a panel discussion at the European Central Bank’s (ECB) annual policy forum on Wednesday. He further stated that business finances are also in solid shape, and “overall the US economy is well positioned to withstand tighter monetary policy.”

Fed Chair Jerome Powell: “The US economy is actually in pretty strong shape.”

He speaks with Francine Lacqua at the ECB Forum on Central Banking in Sintra, Portugal https://t.co/kHipyaR08W pic.twitter.com/reVngqxSZ5

— Bloomberg (@business) June 29, 2022

The Federal Reserve has maintained a goal of raising interest rates without inducing a recession, Powell went on to say. He previously made a similar statement after the Fed raised interest rates by 75 basis points, the sharpest increase in three decades.

Jerome Powell later confirmed expectations that additional rate hikes are likely on the horizon. Another increase of 50 basis points is on the table when the Fed meets again in July.

The Federal Reserve has been scrambling to tame the highest inflation rates in 40 years. Powell said financial markets’ pricing for Fed rate-hike expectations is “pretty well aligned with where we’re going,” noting that it’s roughly in line with the forecasts that Fed policy makers issued earlier this month, according to The International Business Times.

Powell’s optimism as an increasing number of Americans believe that a recession is inevitable. Another quarter of GDP regression will officially land the U.S. economy in a downturn, as the official definition of a recession requires two consecutive quarters of decline.

RELATED: Federal Reserve Details ‘Digital Dollar’ Plans 

Tags: Biden EconomyEconomyfederal-reserveInflationJerome Powell

Related Posts

Baked Alaska Released From Prison, Tells NATIONAL FILE He Was Assaulted, Thrown In “The Hole”
News

Baked Alaska Released From Prison, Tells NATIONAL FILE He Was Assaulted, Thrown In “The Hole”

March 31, 2023
BREAKING: ‘Ricky Vaughn’ Convicted of Election Interference for Posting Memes in 2016
Breaking News

BREAKING: ‘Ricky Vaughn’ Convicted of Election Interference for Posting Memes in 2016

March 31, 2023
Biden Makes Bad Jokes And Politicized Comments, Acts Confused In Aftermath of Horrific Shooting
News

Biden Makes Bad Jokes And Politicized Comments, Acts Confused In Aftermath of Horrific Shooting

March 31, 2023
Load More
Facebook Twitter Reddit Telegram RSS

Category

  • 2020
  • 2022
  • 2024
  • Alt-Tech
  • Big Tech
  • Borders
  • Breaking News
  • cartoons
  • China
  • Christianity
  • Civil Unrest
  • Climate Hysteria
  • commentary
  • Coronavirus
  • Culture
  • Deep State
  • Economic War
  • Economy
  • Education
  • Election Integrity
  • Elections
  • Exclusive
  • Fake News
  • Fake News Media
  • Feminism
  • Free Speech
  • Gun Rights
  • Hate Hoax
  • Human Trafficking
  • Immigration
  • Impeachment
  • International News
  • LGBTQ
  • Life
  • lifestyle
  • Marxism
  • Movies
  • National Security
  • Nationalism vs. Globalism
  • News
  • op-ed
  • Opinion
  • Opioid Crisis
  • Politics
  • Radical Islam
  • Related Stories
  • Sex Crimes
  • Snowflakes
  • Soros
  • Sports
  • States
  • Supreme Court
  • Technology
  • The Hill
  • The Swamp
  • Video
  • Video Games
  • Violent Crime
  • Vote fraud
  • Voter Fraud
  • Voter Fraud Investigation
  • White House
  • Wholesome News

Recent News

  • Baked Alaska Released From Prison, Tells NATIONAL FILE He Was Assaulted, Thrown In “The Hole”
  • BREAKING: ‘Ricky Vaughn’ Convicted of Election Interference for Posting Memes in 2016
  • Biden Makes Bad Jokes And Politicized Comments, Acts Confused In Aftermath of Horrific Shooting

© 2022 NationalFile.com National File, LLC. Privacy. Corrections. About Us. All Rights Reserved.
Have any questions or suggestions? If you are having difficulty unsubscribing from our mail subscription please send an email here [email protected] Want to advertise with us? Please email: [email protected]

No Result
View All Result
  • Home
  • Politics
  • News
  • Culture
  • Coronavirus
  • Sports
  • 2020
  • Breaking News
  • Civil Unrest
  • International News
  • The Swamp
  • Big Tech
  • Deep State
  • Voter Fraud
  • Marxism
  • Free Speech
  • DONATE
  • SUBSCRIBE

© 2022 NationalFile.com National File, LLC. Privacy. Corrections. About Us. All Rights Reserved.
Have any questions or suggestions? If you are having difficulty unsubscribing from our mail subscription please send an email here [email protected] Want to advertise with us? Please email: [email protected]

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In