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Fed’s Powell Says Rate Cuts Can Sustain Soft Landing, but Sees No Need to Rush
Tags: Current Focus, Renewal America, Managing Business, United States, Capital Markets, The Economy, Inequality / Upward Mobility, Movement for Renewal of America, 2. Cost of Living Action, 3. Income and Wages Fairness, 4. Interest rates on Savings for Retirees, 5. Bringing Jobs and Factories to the US, 6. Capital Allocation for Infrastructure, Goods and Services, 8. U.S. Investment by Government+ Private, 10. Health- Body/Mind Wellbeing for All ,
The US central bank's, the Fed's head Jerome Powell, says about the US economy in the beginning of October 2024-
"Overall, the economy is in solid shape; we intend to use our tools to keep it there.”
Overall the Fed's governors on its board have a relatively favorable economic outlook- “this is not a committee that feels like it’s in a hurry to cut rates quickly,” says Powell.
The Fed has the same idea of common sense for the economy, common sense for what works to reduce cost of living and increase investments in the US manufacturing and industry, that the Biden administration and Harris have adopted. The thrust of the Fed's policy says Powell is focused on bringing interest rates down to a level that neither spurs nor slows economic activity. Each action is based on observation of data and taken with the goal of the wellbeing of the People of the US, and Nation as a whole.
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