Despite rate increases, US job growth remained robust.

Although rising interest rates normally hamper GDP, he claimed that such significant hiring was unlikely to be entirely offset by the Fed’s actions.

“The current situation is the best prognosis for the future state of the economy, and the current state is good,” he remarked. “There’s a recessionary vibe, but there’s no recessionary reality.”

Despite rate increases, US job growth remained robust.

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US interest rates may increase more than anticipated.

Sat Mar 11 , 2023
Raising borrowing costs is one mechanism to slow price increases in the wider economy. “The latest economic statistics have come in stronger than expected, which suggests that the ultimate level of interest rates is likely to be higher than previously anticipated,” Mr. Powell said in Congress on the first of […]
US interest rates may increase more than anticipated.

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