Fed Chair Powell Discusses Economic Changes at the The Economic Club of Washington, DC

If you like business you should keep up with the news. Federal Chair Powell, oversees the Federal Reserve and in turn the Monetary Policy the government uses to influence the markets. The video discusses the changes in the economy and the way in which we are approaching new market factors as they emerge. Powell indicates our economy is shifting toward a more digital existence and further discusses how the Federal Reserve relies one data from other sources that they use to make decisions. Personally, I think that base of our society has shifted (See Expected Covid Eco Adjust and Covid Economic Projections and U.S./MX Orient) since COVID and will need to consider emergent economic models to better narrow the gap between our economic understandings of the past and the unfolding economic phenomenon of the present (See Digital GDP Govt. and Theory of Transactional Clusters and Perp. Sust. Dev.). We can also say that older economic models based in physical good transference and human behavior in the physical world (Kantian perception) will be integrated with new understandings of how we conduct commercial human behavior (i.e. economics) in the virtual world where products have no physical reality. The video discusses human capital development, inclusive economy, and the reliance on private sector investments as potential strategies.