- Fed's Powell testifies before the U.S. House Budget Committee: Fed has less room to cut in low-rate environment
Market news
14 November 2019
Fed's Powell testifies before the U.S. House Budget Committee: Fed has less room to cut in low-rate environment
- U.S. debt growing faster than economy; that is unsustainable
- Labor force participation is a pressing US issue
- Need an economy that is growing faster than the debt
- Ultimately the United States will have to get on a sustainable debt path
- Trade tensions have contribute to manufacturing recession this year
- Risk of spillover from trade tension is something they monitor but is not impacting the broader economy
- Effects of tariffs are not currently that large in context of the whole US economy
- Consumers are driving the U.S. economy
- People at the lower end of the wage scale have gotten the bulk of the benefits
- Well-financed infrastructure can contribute to increasing productivity and U.S. economy
- Investment in infrastructure could be very helpful for U.S. economy
- There is nothing in today's economy that is booming
- The U.S. economy is a sustainable picture
- Generally free and fair trade is a good thing
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