Fed’s Charles Evans Says U.S. Still on Path for ‘Solid’ 2.25% GDP This Year

By Michael Derby
The Wall Street Journal
September 30, 2019
Category: Finance & Economics
Region: United States

Federal Reserve Bank of Chicago President Charles Evans said… The U.S. economy should grow by around 2.25% this year, which is “a solid number, as it exceeds my view of the economy’s long-run potential growth rate.” …Mr. Evans expects the jobless rate to stay at a level just under 4% and he sees inflation slowly moving up to the central bank’s 2% target over the next several years. …Mr. Evans noted that the stability in his outlook owes to the fact that the economic fundamentals remain “solid.” [WSJ subscription required to access full story]

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