Tuesday, February 11, 2020

Federal Reserve Chairman Jerome Powell Provides Semi-Annual Economic Outlook February 2020

Federal Reserve Chairman Jerome Powell provides a semi-annual report to Congress today highlighting key aspects of the economy (02/11/2019). I didn't have a chance to dig into the meaning of the report but can say that it looks fairly positive from his perspective. There is more needed in improving access to opportunities for people currently struggling to move up the economic ladder. Perhaps some of that improvement will come through a willingness of companies to hire less skilled labor and train them for higher performance. This might improve transition to a high skilled economy while helping people take steps to improve the market value of their labor.

You can read about his report HERE

Federal Reserve. Board of Governors of the Federal Reserve System before the Committee on Financial Services U.S. House of Representatives February 11, 2020. Washington D.C.: Jerome Powell. Retrieved

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