Federal Reserve:Meetings/2023 September 20: Difference between revisions

Federal Reserve:Meetings/2023 September 20 (view source)

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 ==== Employment and GDP ====
-* '''Powell dont agree that soft landing is their baseline scenario''': I've always thought that the soft landing was a plausible outcome, that there was a path, really, to a soft landing. I've thought that and I've said that since we lifted off. It's also possible that the path is narrowed, and it's widened apparently. Ultimately, this may be decided by factors that are outside our control at the end of the day
+* '''Powell dont agree to day that soft landing is his baseline scenario''': I've always thought that the soft landing was a plausible outcome, that there was a path, really, to a soft landing. I've thought that and I've said that since we lifted off. It's also possible that the path is narrowed, and it's widened apparently. Ultimately, this may be decided by factors that are outside our control at the end of the day
 * The current GDP growth we are seeing is mostly due to the fact that the consumer's been very robust in spending.
 * '''GDP is not a mandate. The question will be, is the heat that we see in GDP, is it really a threat to our ability to get back to 2 percent inflation?'''