Economic expansion going. He is speaking at a fed is listening event at the headquarters in washington d. C. Where they make the decision whether to cut Interest Rates or not. Powell says the inflation is running close to or just and 2 target range. Some members of the fomc that the inflation under that target is a big deal. More people are making more money, yes, but that is not enough money there to put inflation pressures in this economy. That is a signal that the fed may undershoot Inflation Expectations again. And the chairman believes that the tools that are being used right now are effective on the economy. Although he does worry that the u. S. Economy as well as world economies are facing challenges like low growth, low inflation low Interest Rates. The reason he says low Interest Rates because in this speech he is concerned that the lower federal funds rate does not leave a lot a lot of room if tht downturn comes to support the economy. Now the fed is getting input at these ev
Manhattan Concert Productions is getting ready to present the 9th installment of its beloved Broadway Series with the critically acclaimed musical Children of Eden. The company just met the press and BroadwayWorld was there for the big day. Check out photos below!
From oil to Home Depot, persistent Houthi attacks in Red Sea and diversion of oil tankers and shipping will lead to a freight supply crunch and higher prices.