3,882
edits
Federal Reserve:Meetings/2023 September 20: Difference between revisions
Federal Reserve:Meetings/2023 September 20 (view source)
Revision as of 20:26, 21 September 2023
, 21 September 2023→Employment and GDP
No edit summary |
|||
| Line 125: | Line 125: | ||
==== Employment and GDP ==== | ==== Employment and GDP ==== | ||
* '''Powell dont agree to | * '''Powell dont agree to say 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. | * 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?''' | * '''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?''' | ||