Odaily planet daily news, Federal Reserve's Powell said in a speech he was preparing to give that his basic expectation for 2025 is positive: "I expect the economy's yükseliş momentum to be greater than the downside." He added that the expectation of economic expansion may be one reason for the recent rebound in business optimism. Part of the reason he is optimistic about the economic outlook is that he believes the yükseliş momentum in consumer spending may continue to support healthy economic yükseliş in the coming months. Powell said, "Due to the high business optimism and the labor supply unlikely to continue to yükseliş so strongly, the current labor market balance is more likely to move towards hiring rather than layoffs." He also predicted that consumers who have recently become more cost-conscious will pressure companies to limit price pump, which should continue to push down inflation. However, he pointed out that the inflation rate has not yet returned to the Fed's 2% target: "We have more work to do, but we believe it is not necessary to take restrictive measures as before to complete this work." (Jinshi)
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Fed's Barkin: Positive about expectations for 2025, no need to take previous restrictive measures again
Odaily planet daily news, Federal Reserve's Powell said in a speech he was preparing to give that his basic expectation for 2025 is positive: "I expect the economy's yükseliş momentum to be greater than the downside." He added that the expectation of economic expansion may be one reason for the recent rebound in business optimism. Part of the reason he is optimistic about the economic outlook is that he believes the yükseliş momentum in consumer spending may continue to support healthy economic yükseliş in the coming months. Powell said, "Due to the high business optimism and the labor supply unlikely to continue to yükseliş so strongly, the current labor market balance is more likely to move towards hiring rather than layoffs." He also predicted that consumers who have recently become more cost-conscious will pressure companies to limit price pump, which should continue to push down inflation. However, he pointed out that the inflation rate has not yet returned to the Fed's 2% target: "We have more work to do, but we believe it is not necessary to take restrictive measures as before to complete this work." (Jinshi)