You just plain ignored what Powell said The Committee continues to view sustained expansion of economic activity, strong labor market conditions, and inflation near the Committee's symmetric 2 percent objective as the most likely outcomes.
Nope. What I did was explain to you that low inflation is not an indicator of a booming economy and thus nothing for you to crow about. Neither is the Fed exercising caution with rates and bond buybacks due to concerns about continued growth, after Trump signed a $1.5 Trillion tax cut for the rich promising the greatest economy we have ever seen. His one signature “victory “ has had little effect while blowing up the deficit.
Yes the economy is solid with a better than even chance of remaining so in the near future. Thanks Obama.
Finally changing? Best wage growth in 8 years.
Yes, finally changing. As in, this latest growth number for the last quarter was the first that showed signs of wages beginning to reflect full employment. As in, that $1.5 Trillion tax cut for corporations which was sold on a promise to raise wages hasn’t done so, with ALL analysis of that growth crediting the employment numbers. As you were told they would.
How did the stock markets react to Powell and the Fed decision?
Lol. How would you expect markets to react to news that the Fed is keeping down interest rates and slowing their bond sell off ? Man. You really aren’t smart.
I bet you were parroting the WSJ back when they complained that low interest rates and bond buys are artificially floating the Obama economy, and now you are crowing about the very same policy under Trump as though it’s a sign of strength.
So predictably bad.