Odaily Daily News According to the speech prepared by the Federal Reserve's Powell, he is positive about the basic expectations for 2025: 'I expect that the upward space for economic growth will be greater than the downward space.' He added that the expectation of economic expansion may be the reason for the recent rebound in business optimism. One reason he is optimistic about the economic outlook is that he believes that the upward momentum of consumer spending may maintain economic health in the coming months. Powell said, 'As business optimism rises and labor supply is unlikely to continue to rise so strongly, the current labor market balance is more likely to develop towards recruitment rather than layoffs.' He also predicted that cost-conscious consumers in recent months will put pressure on companies to restrict price increases, which should continue to suppress inflation. However, he also pointed out that the inflation rate has not yet reached the Fed's target of 2%: 'We still have more work to do, but we believe that restrictive measures are not needed as before to complete this task.' (Jin Shi)
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Fed's Bullard: Positive about 2025 outlook, no need for previous restrictive measures
Odaily Daily News According to the speech prepared by the Federal Reserve's Powell, he is positive about the basic expectations for 2025: 'I expect that the upward space for economic growth will be greater than the downward space.' He added that the expectation of economic expansion may be the reason for the recent rebound in business optimism. One reason he is optimistic about the economic outlook is that he believes that the upward momentum of consumer spending may maintain economic health in the coming months. Powell said, 'As business optimism rises and labor supply is unlikely to continue to rise so strongly, the current labor market balance is more likely to develop towards recruitment rather than layoffs.' He also predicted that cost-conscious consumers in recent months will put pressure on companies to restrict price increases, which should continue to suppress inflation. However, he also pointed out that the inflation rate has not yet reached the Fed's target of 2%: 'We still have more work to do, but we believe that restrictive measures are not needed as before to complete this task.' (Jin Shi)