Federal Reserve Chairman Jerome H. Powell on Nov. 25 told an estimated 720 business leaders at the Greater Providence Chamber of Commerce’s annual meeting that “economic conditions are generally good” in the U.S. He said forecasters are generally predicting continued growth, a strong job market and inflation near 2%.
He explained in detail the Fed’s thinking on recent interest rate hikes and its plan to keep an 11-year economic expansion going. Noticeably absent was talk of recession.
Powell was the keynote speaker for the sold-out gathering. It was the biggest audience for a Chamber event since former Federal Reserve Chair Janet L. Yellen’s visit to the Ocean State in 2015.
Did hearing directly from Powell either at the event or through local news coverage affect your business planning for 2020? Or do you see such local speeches by national decision-makers as primarily networking opportunities?
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