Fed Chair Jerome Powell Likes the Economy Hot
By News
Published 5 years ago on
July 29, 2019
Share
[aggregation-styles]
Bloomberg
Bloomberg
Federal Reserve Chairman Jerome Powell probably will kick off his post-meeting press conference on Wednesday the same way he’s begun every one this year. The Fed, he’ll tell reporters, has “one over-arching goal: to sustain the economic expansion.’’
Behind that anodyne mission statement lies a grand ambition. Powell is effectively taking on a task that many of his inflation-wary predecessors shunned: extend the fruits of a growing economy to those who rarely benefit, from struggling African-American families to poor rural white people.
Behind that anodyne mission statement lies a grand ambition. Powell is effectively taking on a task that many of his inflation-wary predecessors shunned: extend the fruits of a growing economy to those who rarely benefit, from struggling African-American families to poor rural white people.
By Rich Miller & Craig Torres | 28 July 2019
RELATED TOPICS:
Unlocking the Secrets to Fresno State’s Superb Baseball Season
Sports /
7 hours ago
Get a 3D First Look at Merced’s High-Speed Rail Station Design
Events /
9 hours ago
California Court to Decide on Transgender Ballot Measure Wording
Politics /
9 hours ago
Rare House Vote Sees Ukraine, Israel Aid Advance as Democrats Join Republicans
Politics /
11 hours ago
Full Jury and 6 Alternates Seated in Trump’s Hush Money Trial
Crime /
11 hours ago
Man Sets Himself on Fire Outside Trump Hush Money Trial Court
NEW YORK — Police officials said they were reviewing whether to restrict access to a public park outside the courthouse where former Preside...
U.S. /
5 hours ago
Categories
Latest
Videos
U.S. /
5 hours ago
Man Sets Himself on Fire Outside Trump Hush Money Trial Court
Economy /
6 hours ago
Real Estate Experts Talk Fresno’s Economic Future. Are Tough Times Ahead?
Sports /
7 hours ago
Unlocking the Secrets to Fresno State’s Superb Baseball Season
Events /
9 hours ago
Get a 3D First Look at Merced’s High-Speed Rail Station Design
Politics /
9 hours ago
California Court to Decide on Transgender Ballot Measure Wording
Economy /
1 day ago