Fed’s Powell expects strong US growth
Robust labour market likely to support income and consumer spending rises, Fed chair says
Economic growth in the US has gathered momentum since December, on the back of looser fiscal policy and higher demand from export markets, Jerome Powell said yesterday (February 27) in his first appearance before Congress as chair of the Federal Reserve.
“My personal outlook for the economy has strengthened since December,” Powell said before the Committee on Financial Services.
“Some of the headwinds the US economy faced in previous years have turned into tailwinds. In particular, fiscal
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