Federal Chair Jerome Powell Discusses the State of the Economy. There are still some people suffering from unemployment and those that it seems to hit the most work in certain fields. Minorities often are hit harder based on education access and job options. There is an increasing gap between the highly educated and those who do not have a lot of education. Access to education and new opportunities will increasingly be important in a more digital economy.
A Few Key Notes
-Near 0% interest rate.
-Asset purchases
-Household services low
-Household goods recovered
-Business and investment manufacturing picked up.
-Economic activity is still below.
-Long term growth depends on 2% average of inflation.
-Increasing holdings of treasure securities $80 billion a month and agency backed mortgage securities $40 billion a month to reach goals.
-Seek to increase flow of credit.
-9 million people lost their job.
No comments:
Post a Comment