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
If confirmed, early Chinese buys tighten nearby Gulf/PNW capacity and could bump basis in export-oriented regions.
Trade pacts with Malaysia and Cambodia unlock tariff-free and preferential lanes for key U.S. farm goods, expanding long-term demand in Southeast Asia.
Alan Bjerga, Senior Vice President of Communications with the National Milk Producers Federation (NMPF), shares updates and resources available to dairy producers.
FarmHER Erin Cumings shares how Nationwide’s “Every STEP Counts” helps farm and agribusiness owners prioritize safety.
The idea of buying more beef from Argentina does not sit well with much of farm country, raising some questions from analysts and producers.
Input costs are top of mind for farmers, as they contribute to higher prices and smaller profits.

LATEST STORIES BY THIS AUTHOR:

Chancey Williams joins us in the studio to share his history with FFA as we continue our Countdown to Convention sponsored by Culver’s.
As we continue our Countdown to Convention presented by Culver’s, we meet some of the people who help bring the event to life.
Shaun Haney, Host of RealAg Radio, discusses President Trump’s move to halt trade talks with Canada and Mexico over a commercial about tariffs launched by the Government of Ontario.
The President’s trip to Asia this week follows a trade mission by the Iowa Soybean Association. Farmers say they were reminded that U.S. soybeans have an international reputation that can be easy to take for granted here at home.
She saw him play besides greats like Dolly Parton, Bob Dylan, Conway Twitty, and more.
Farmers who rely on H-2A workers will see a few key changes to speed up the process and make it fairer. On the ground, producers say labor issues create shortfalls in otherwise productive harvests.