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:
Hamas Is Sending a Delegation to Egypt for Further Cease-Fire Talks in the Latest Sign of Progress
World /
16 hours ago
DEA’s Marijuana Reclassification Could Revive California’s Struggling Pot Industry
Cannabis /
16 hours ago
US Airstrike Targeting Al-Qaida Leader in Syria Killed a Farmer, American Military Says
World /
17 hours ago
Lagging Revenue Drives California Budget Deficit as Deadline Nears
Opinion /
18 hours ago
Latest
Videos
Animals /
2 hours ago
Meet Goldie Hawn: The Adorable Yorkie with a Heart of Gold
World /
16 hours ago
Hamas Is Sending a Delegation to Egypt for Further Cease-Fire Talks in the Latest Sign of Progress
Cannabis /
16 hours ago