(Thomas Franck – CNBC)
Federal Reserve Chairman Jerome Powell said the economy is “in a good place,” but that an escalation in tariffs between the United States and trading partners could affect that success.
“I think, frankly the United States economy is in a good place from a cyclical standpoint close to our maximum employment and stable prices target,” Powell told Marketplace in an interview published Thursday.
The U.S. economy added 213,000 jobs during the month of June, according to the government’s latest employment report that published Friday. While the strong payroll numbers beat expectations and hinted at continued tightness in the labor market, wage gains across the country remain comparatively sluggish. Click here to read more.
- Economists in New Survey See Federal Reserve on Autopilot (Wall Street Journal)
- US-China Trade War a Warm-Up Act For Financial Crisis: Mark Mobius (Bloomberg)
- Three Keys For U.S. Manufacturers To Build Accurate Forecasts (Forbes)