Powell says U.S. economy 'looks to be strengthening'

The U.S. economy has recovered more quickly than generally expected"and looks to be strengthening," said Federal Reserve Chairman Jerome Powell in remarks released on Monday. Consumer spending, housing, business investment and manufacturing productions have all picked up, he noted. This good news is due to the unprecedented support from Congress and the central bank in fighting COVID, Powell said.

"But the recovery is far from complete, so, at the Fed, we will continue to provide the economy with the support that it needs for as long as it takes," he said. The path of the economy still depends on the pandemic, Powell added. He made the comments in testimony to be delivered Tuesday to a House Financial Services Committee hearing on the government's response to COVID. It is the panel's custom to release text of testimony on the night before a hearing.

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The debts of US government will reach $30 Trillion this year. US has about 0.3 billion people, A new born US citizen immediately has $100,000 debt. Beyond this, the average American has $90,460 in debt Why strong economy could not pay $200,000? Lie

Looks Or is it really? USA Feds economy Powell

Aka, “get ready for the 10 year to hit 2% tomorrow and trigger another massive sell off” marketmanipulation

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Fed Chair Powell: U.S. economy looks to be strengtheningThe U.S. economy is 'much improved,' Federal Reserve Chair Jerome Powell said on Monday, crediting Congress and the central bank both for providing 'unprecedented' support, but at the same time warning that the recovery is still 'far from complete.' This is a ‘show’ before some blow back from all of the huge migrant numbers with the new Covid strains and need to jack taxes to pay for all those handouts. Plus some war to ‘unite’ us all and justify a new spending budget in two years. 😒 Powell is a real idiot, saying U.S. economy looks to be strengthening, is like saying New Orleans is recovering after Hurricane Barry slammed into Louisiana causing flash floods in New Orleans killing people and causing millions of dollars in damage.
Source: Reuters - 🏆 2. / 97 Read more »