Market news
14.11.2019, 15:44

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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