Fed’s Jerome Powell: “The Economy Seems to be Healthy” despite negative sentiment

Rural towns across the U.S. have seen sluggish economies over the last year, with plenty of ups and downs.

Fed Chair Jerome Powell acknowledged a decline in sentiment but assures everyone the economy is on the right track.

“The economy seems to be healthy. We understand that sentiment is quite negative at this time, and that probably has to do with turmoil at the beginning of an Administration that’s making big changes in areas of policy. That’s probably part of it. I do think the underlying unhappiness people have about the economy, though, is more of the price level.”

This week, Powell announced interest rates would be holding steady for now. Inflation reports earlier this month showed promising news. Both measures of inflation came in below analyst expectations, and despite those signs, inputs are expected to remain elevated this year.

Related Stories
The sugar policy debate affects prices, trade, and farm stability.
Strong feedlot demand keeps beef-on-dairy calf premiums elevated.
Roger McEowen discusses how long-term healthcare costs for elderly Americans are reshaping estate-planning decisions for farm families and what producers should consider moving forward.
Farmer Jeffry Mitchell with the Mississippi Farm Bureau joins us for a spring planting update from the southeast region as drought, input costs, and fertilizer access complicate crop progress.
Lower U.S. ethanol production and stocks may support ethanol prices while strong export demand continues to support ethanol and corn markets.
The White House’s plan calls for a nearly 20 percent reduction in the USDA’s budget, which would impact various food and agriculture aid programs.

LATEST STORIES BY THIS AUTHOR:

A rich, old-fashioned bread pudding made with brandy, raisins, and vanilla—baked until golden and full of warm Southern flavor, just like Justin liked it!
While trying to find the sweetest watermelon is always difficult, experts do have a few recommendations.
Tender beef shanks slow-baked with carrots, potatoes, and onions in a wine-spiked Cajun sauce—sealed in a cooking bag to lock in every bit of bold, savory flavor.
Justin Wilson’s Peanut Butter Baked Beef Brisket is a rich, tender roast slow-baked with a savory peanut butter sauce. You’ll love this bold twist on classic braised brisket, garontee!