{"id":67508,"date":"2022-06-22T18:11:40","date_gmt":"2022-06-22T14:11:40","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=67508"},"modified":"2022-06-22T18:39:05","modified_gmt":"2022-06-22T14:39:05","slug":"powell-says-economy-is-very-strong-and-well-positioned-to-handle-tighter-monetary-policy","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/powell-says-economy-is-very-strong-and-well-positioned-to-handle-tighter-monetary-policy\/06\/22\/market-updates\/","title":{"rendered":"Powel: Economy is very strong and well-positioned to handle tighter monetary policy"},"content":{"rendered":"\n<p>While testifying before the Senate Banking, Housing, &amp; Urban Affairs Committee on Wednesday, FOMC Chairman Jerome Powell said that Economy is very strong and well-positioned to handle tighter monetary policy.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>&#8220;Inflation aggravated by longer-lasting supply chain constraints, russian invasion of ukraine; china covid lockdowns likely to exacerbate supply chain problems.&#8221;<\/p><p>&#8220;Recent data suggest real GDP picked up in the current quarter, consumer spending remains strong.&#8221;<\/p><p>&#8220;Growth in business fixed investment appears to be slowing, housing sector appears to be softening in part from higher mortgage rates.&#8221;<\/p><p>&#8220;Tightening of financial conditions should continue to temper growth, help to balance demand and supply.&#8221;<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>While testifying before the Senate Banking, Housing, &amp; Urban Affairs Committee on Wednesday, FOMC Chairman Jerome Powell said that Economy is very strong and well-positioned to handle tighter monetary policy. &#8220;Inflation aggravated by longer-lasting supply chain constraints, russian invasion of ukraine; china covid lockdowns likely to exacerbate supply chain problems.&#8221;&#8220;Recent data suggest real GDP picked &hellip;<\/p>\n","protected":false},"author":9,"featured_media":53116,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[37,36],"tags":[8672,6885,8322,7580,8496],"class_list":["post-67508","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates","tag-barkin","tag-fed","tag-fomc-meeting","tag-monetary-policy","tag-tightening-monetary-policy"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/67508","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=67508"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/67508\/revisions"}],"predecessor-version":[{"id":67513,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/67508\/revisions\/67513"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/53116"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=67508"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=67508"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=67508"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}