Part 5/9:
Contrarily, Jerome Powell, Chairman of the Federal Reserve, struck a more optimistic note during a recent speech at the University of Chicago. He underscored that the U.S. economy remains fundamentally strong, citing positivity in job growth and stable inflation. The latest employment data indicates low unemployment rates, while wages are reportedly outpacing inflation.
Moreover, Powell acknowledged the heightened uncertainty in consumer spending, attributing much of this to shifting economic policies under the Trump administration. He urged caution in interpreting economic indicators and stressed the effectiveness of the U.S. labor market in driving growth.