Fed Chair Jerome Powell said as much on Wednesday after the central bank cut borrowing costs for the third time since July, saying officials “see now more clearly the effects of more accommodative monetary policy on various kinds of consumer activity.” “You are seeing strong durable goods sales. “More broadly, monetary policy is also supporting household spending and home buying by keeping the labor market strong, keeping workers incomes rising, and keeping consumer confidence at high levels.” Indeed, there is evidence that Powell and his colleagues are not tooting their own horns without some justification. The …read more
Source:: Yahoo Finance
