Wednesday, November 28, 2018

Fed Chair Powell: The Federal Reserve's Framework for Monitoring Financial Stability

by Bill McBride on 11/28/2018 12:04:00 PM

From Fed Chair Powell: The Federal Reserve's Framework for Monitoring Financial Stability

Interest rates are still low by historical standards, and they remain just below the broad range of estimates of the level that would be neutral for the economy‑‑that is, neither speeding up nor slowing down growth. My FOMC colleagues and I, as well as many private-sector economists, are forecasting continued solid growth, low unemployment, and inflation near 2 percent.
CR note: This seems pretty consistent with prior comments.