On the recordJune 21, 2023
We expect modest growth going forward, growth below the sort of longer run growth rate of the United States economy.
Source
congress.govWe expect modest growth going forward, growth below the sort of longer run growth rate of the United States economy.
Powell discusses expectations for economic growth and inflation.
Share
More from Jerome Powell
So we didn't overreact — in fact, we didn't react at all. We're simply taking some time.
As long as the economy is in solid shape, we think the prudent thing to do is to wait and see what those effects might be.
We’re trying to deliver macro stability, financial stability, economic stability for the benefit of all the people.