Jefferson: Economic Outlook

Jefferson: Economic Outlook

From federalreserve.gov

Thank you, President Williams. It is wonderful to be back in New York, and it is an honor to speak to you, the directors and advisers to the Second District. You all play an extremely important role for the Federal Reserve Bank of New York and, indeed, for the entirety of the Federal Reserve System. You, and your peers around the country, inform President Williams and the other Bank presidents about how you see the economy unfolding in your communities and in your industries. The presidents, in turn, share that vital information with all the members of the Federal Open Market Committee (FOMC) so that we can make the ... (full story)

Added at 8:12am

FinancialJuice @financialjuice
Fed's Jefferson: Current moderately restrictive policy rate in a good place to respond to economic developments. May 14, 2025 8:09am

Added at 8:13am

FinancialJuice @financialjuice
Fed's Jefferson: Recent inflation data consistent with further progress toward 2% goal, but future path uncertain due to tariffs. May 14, 2025 8:09am

Added at 8:13am

FinancialJuice @financialjuice
Fed's Jefferson: I expect lower growth due to trade policy, but I expect the economy to still expand over the year. May 14, 2025 8:10am

Added at 8:13am

FinancialJuice @financialjuice
Fed's Jefferson: The First-quarter GDP data overstated the deceleration in activity. May 14, 2025 8:10am

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DuranDuran

May 14, 2025 8:43am

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First quarter GDP number was heavily influenced by the decrease in government spending and increased imports to front run the tariffs (imports were 2x higher than any increase in 5 years). Take out government spending (inflationary) and ignoring trade deficit and the economy is showing strong signs of growth.