• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Jerome Powell on the State of the US Economy and Upcoming Challenges

user avatar

by Giorgi Kostiuk

a year ago

  1. Inflation and Economic Activity
  2. Future Projections
  3. Labor Market and Public Debt


    4. Amid concerns about the weak US economy, Federal Reserve Chairman Jerome Powell assures the public that the situation is under control.

    Inflation and Economic Activity

    Inflation, edging closer to the Fed’s target of 2%, shows significant improvement from recent surges, although it still exceeds the ideal level. Meanwhile, economic activity remains steady.

    Future Projections

    Powell projects a 2% economic growth rate for 2024, which he expects to remain stable through 2027.

    Our monetary policy actions are guided by our dual mandate to promote maximum employment and stable prices for the American people. Our primary focus is on bringing down inflation, and appropriately so.Jerome Powell

    Labor Market and Public Debt

    The labor market remains a major concern despite historically low unemployment rates. Another significant issue is public debt, which reached around 93% of GDP in 2023 and could approach 100% by the end of the decade. If investors start losing confidence, borrowing costs could rise, making it harder for the economy to recover in the long term.

    While the labor market and public debt remain major challenges for the US economy, Fed Chairman Jerome Powell remains optimistic and confident that inflation and economic activity are under control.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Uniswap Price Shows Gradual Increase Amid Steady Activity

chest

Uniswap's price has seen a modest rise due to consistent trading activity on its platform, increasing by approximately 15% this week.

user avatarArif Mukhtar

Base Dominates Ethereum L2 Fee Revenue with Significant Lead

chest

Base extends its lead in Ethereum Layer 2 fee revenue, earning approximately 147,000 in fees, significantly surpassing Arbitrum and Starknet.

user avatarLucas Weissmann

Monero Releases Software Update to Enhance Functionality

chest

On January 11, 2023, the Monero development team released a new version of the Monero software, v0.18.4.5 Fluorine Fermi, addressing several issues and enhancing functionality and security.

user avatarMaria Gutierrez

Digital Asset Market Projected to Reach $10 Trillion

chest

Dan Tapiero projects that the digital asset market will reach $10 trillion during the current expansion phase.

user avatarDavid Robinson

Dan Tapiero Predicts Bitcoin to Reach $180,000

chest

Veteran macro and crypto investor Dan Tapiero predicts that Bitcoin's current cycle is far from over, targeting a price of $180,000.

user avatarAndrew Smith

Stablecoins Emerging as Backbone of Global Financial System

chest

Dan Tapiero believes that stablecoins are becoming the backbone of the global financial system, with transaction volumes reaching $33 trillion in 2025.

user avatarJacob Williams

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.