• 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

06/29
President Trump Has Raised Over $6 Million Since Arrest

Trump’s Successful Day in Court: 80% of James’ Lawsuit Thrown Out

10/02
Zelensky Melts Down When Asked About Corruption Allegations

Zelensky Melts Down When Asked About Corruption Allegations

10/02
Video: Leftist Judge Smiles, Poses for Camera as Trump Trial Starts in New York

Video: Leftist Judge Smiles, Poses for Camera as Trump Trial Starts in New York

10/02
Biden: America Will ‘Very Shortly’ be ‘Minority White’

Biden: America Will ‘Very Shortly’ be ‘Minority White’

10/02
Gaetz McCarthy Biden Debt Deal

Gaetz Intends to Vacate the Chair Following McCarthy’s Latest Failure

10/01
Dana Perino Attended Clinton Global Initiative Meeting With Hillary Days Before Moderating Fox’s GOP Debate

Dana Perino Attended Clinton Global Initiative Meeting With Hillary Days Before Moderating Fox’s GOP Debate

09/29
Birdbrain Nikki: Trump Brands Haley with New Nickname

Birdbrain Nikki: Trump Brands Haley with New Nickname

09/29
Chip Roy Thanked Pence For Refusing to Back 2020 Election Challenge

DeSantis Supporter Chip Roy Votes for CR that Funds Biden DOJ Witch Hunts

09/29
Brooklyn Flood

NYC Floods as U.S. Senate Moves to Send More Money to Ukraine

09/29
Dianne Feinstein

BREAKING: US Senator Dianne Feinstein Dead at 90

09/29
Trump 2024

Globalism’s Last Leg: Trump Lays Out America First Economic Agenda in Historic Michigan Speech

09/28
Video: ‘Trans’ Male Viciously Attacks Real Girl in Oregon Middle School

Video: ‘Trans’ Male Viciously Attacks Real Girl in Oregon Middle School

09/28
Tuesday, October 3, 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
June 29, 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

Trump’s Successful Day in Court: 80% of James’ Lawsuit Thrown Out

Video: Leftist Judge Smiles, Poses for Camera as Trump Trial Starts in New York

Biden: America Will ‘Very Shortly’ be ‘Minority White’

“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

Cullen McCue

Philadelphia-based reporter who also covers MMA. Founder of Reality Circuit. Twitter and Gab: @CullenMcCue

Related Posts

President Trump Has Raised Over $6 Million Since Arrest
News

Trump’s Successful Day in Court: 80% of James’ Lawsuit Thrown Out

October 2, 2023
Video: Leftist Judge Smiles, Poses for Camera as Trump Trial Starts in New York
News

Video: Leftist Judge Smiles, Poses for Camera as Trump Trial Starts in New York

October 2, 2023
Biden: America Will ‘Very Shortly’ be ‘Minority White’
Immigration

Biden: America Will ‘Very Shortly’ be ‘Minority White’

October 2, 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
  • January 6th
  • 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
  • Ukraine
  • Video
  • Video Games
  • Violent Crime
  • Vote fraud
  • Voter Fraud
  • Voter Fraud Investigation
  • White House
  • Wholesome News

Recent News

  • Trump’s Successful Day in Court: 80% of James’ Lawsuit Thrown Out
  • Zelensky Melts Down When Asked About Corruption Allegations
  • Video: Leftist Judge Smiles, Poses for Camera as Trump Trial Starts in New York

© 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 info@nationalfile.com Want to advertise with us? Please email: brett@nationalfile.com

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 info@nationalfile.com Want to advertise with us? Please email: brett@nationalfile.com

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