Powell Expects Moderate Economic Growth, Says Fed Will Act as Appropriate

The video discusses the current state of the economy, highlighting its strong performance and the longest expansion since 2009. Despite moderate growth, a strong labor market, and inflation nearing the 2% target, risks such as global growth slowdown and trade policy uncertainty persist. Consumer spending drives growth, while manufacturing lags. The labor market remains robust with low unemployment and rising wages. The Fed's interest rate adjustments support the favorable outlook. Global economic slowdown, particularly in China and the EU, is noted, with trade policy uncertainty affecting business investments. The FOMC will continue monitoring these factors to sustain expansion.

What are the significant risks mentioned that could impact the economy?

How has consumer spending influenced the economic growth in the first half of the year?

Describe the current state of the labor market based on the information provided.

What factors contribute to the current favorable outlook for the economy?

What role does trade policy uncertainty play in the global economic slowdown?