Inquiring minds are investigating Jerome Powell’s speech on his Outlook for the U.S. Economy presented today at the Economic Club of Chicago, Chicago, Illinois. Here are a few key quotes.
Not Too Fast Not To Slow
On the whole, it was an interesting speech, at least compared to the drivel from Janet Yellen on the Phillips Curve.
But here is my bottom line translation: “We really do not know what we are doing, but we are going to keep doing it.”