The US Federal Reserve and Chairman Atlanta Bostic said the US economy is very strong. His most prominent statements were as follows:
- Inflation is showing well, but John is still stable at just 2%.
- Market volatility is due to uncertainty about trade policies.
- The closure of the US government will have a small overall impact on the economy if it remains closed.
- The closure effect can become more material if it continues.
- Lack of data due to closure will make it difficult for the Fed to do its work.
- An increase in trade tariffs may push prices higher.
- Long-term interest rate behavior indicates that markets have not responded strongly to cuts in the federal budget of the US Federal Reserve.
It is hard to see how Trump could remove Powell as president of the Federal Reserve
