Federal Reserve Chairman Jerome Powell says the economy is in a “good place” with low inflation and maximum employment.
U.S. consumer prices were unchanged in November, the best performance since prices actually fell eight months ago.
Federal Reserve Chairman Jerome Powell says the U.S. economy overall is strong but many rural areas are falling farther behind.
Federal Reserve Chairman Jerome Powell says that despite solid economic progress, the country still faces a number of challenges including slow wage-growth for lower-income workers to sluggish productivity and an aging population.
Consumers boosted their spending in September at the fastest pace in seven months, while their incomes rose by the largest amount in nine months.
Federal Reserve Chairman Jerome Powell says he’s pleased with the state of the U.S. economy but cautions that some forms of corporate debt have reached risky levels.
Americans increased their borrowing by a solid amount in September.
Spending on U.S. construction projects was essentially unchanged in September.
The U.S. economy grew at a robust annual rate of 3.5 percent in the July-September quarter as the strongest burst of consumer spending in nearly four years helped offset a sharp drag from trade.
Treasury Secretary Steven Mnuchin says that the United States and six other Middle East countries are taking action to expose and disrupt terrorist activities being conducted by the Taliban and Iran to undermine the government of Afghanistan.