
Jerome Powell: Economy Stable, No Signs of Overheating or Sharp Decline
On July 31, 2024, Federal Reserve Chair Jerome Powell held a news conference, emphasizing that the U.S. economy shows no signs of overheating or sharp decline. He highlighted solid economic growth, a cooling labor market, and low unemployment rates.
Powell addressed concerns about a potential recession, stating that the chances of a hard landing are low. He noted that the Fed remains vigilant, closely monitoring economic data, and is prepared to act if necessary, but current indicators suggest a stable economic outlook.