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Jerome Powell Predicts More Rate Hikes In Front Of Congress – Mike Swanson (07/18/2018)

Official portrait of Governor Jerome H. Powell. Mr. Powell took office on May 25, 2012, to fill an unexpired term ending January 31, 2014. For more information, visit http://www.federalreserve.gov/aboutthefed/bios/board/powell.htm

Yesterday Federal Reserve Chairman Jerome Powell talked up the economy and predicted more rate hikes to come this year while saying impact of potential tariff war is a big unknown.

Steve Liesman of CNBC gave a quick breakdown in this TV segment.

“Robust job gains, rising after-tax incomes, and optimism among households have lifted consumer spending in recent months. Investment by businesses has continued to grow at a healthy rate.  Good economic performance in other countries has supported U.S. exports and manufacturing. And while housing construction has not increased this year, it is up noticeably from where it stood a few years ago,” Powell said.

 

 

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