29 Nov 2016
Fed's Powell: Case for a hike 'clearly strengthened' since early November
Fed's Governor Jerome H. Powell is hitting the wires, via Reuters, stating that the case for a rate hike 'clearly strengthened' since early November
Key headlines (via Reuters):
- Fed, while patient, should avoid hiking rates too slowly
- U.S. economy healthy, job gains solid, inflation rising
- 'Not far' from u.s. inflation, employment goals
- Some price measures have risen recently, important they keep rising
- Economic growth 'clearly strengthened' since h1
- Higher U.S. fiscal spending on public infrastructure may raise private-sector productivity