The U.S. economy is in a 'good place' and more of the same is expected...
FILE PHOTO: Federal Reserve Vice Chair Richard Clarida reacts as he holds his phone during the three-day"Challenges for Monetary Policy" conference in Jackson Hole, Wyoming, U.S., August 23, 2019. REUTERS/Jonathan Crosby
“The U.S. consumer has never been in better shape,” Clarida said in an interview with Fox Business Network. “Going into next year I think we have a have a favorable outlook for the economy... We think we are in a good place.” The Fed cut rates three times this year in a mini-easing cycle designed to sustain the U.S. economic expansion amid slowing global growth and a drop in business investment caused by the 17-month long U.S.-China trade war.
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