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COMING UP:Share Opener Variant 4

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Transcript

00:00:00
>> Our economy is strong, growth is running at a healthy clip, unemployment is low, the number of people working is rising steadily, and wages are up. Inflation is low and stable. All of these are very good signs.>> And with that in mind, Federal Reserve Chairman, Jerome Powell, Wednesday, officially ended the Fed's easy money bias put in place since the financial crisis.
00:00:26
By dropping its so-called accommodative stance, the Fed is finally declaring victory in a fight that started a decade ago with the Great Recession. Reuters Financial Markets and Economics Editor, Dan Burns.>> If you just look at the number of times that Chairman Powell described the economy as being in a good place during his press conference, it's clear that he and his colleagues at the Fed are more confident in the health of this economy than they've been at anytime since the financial crisis.
00:00:57
>> The Fed lifted its key lending right to the range of two to two and a quarter percent, the third rate hike so far this year. And there's one more in the cards before year's end.>> My colleagues and I are doing all we can to keep the economy strong, healthy, and moving forward.
00:01:11
>> But some worry there are clouds on the horizon, including President Trump's trade policies.>> The Fed is hearing this directly from their network of business contacts across the country. They're saying directly to the Fed that they're very concerned about what's happening with tariffs. Some businesses are already beginning to curtail their investments as a result.
00:01:33
So if that begins to be something that really takes hold, that is clearly a risk.>> Another risk? Trump's trade battles could stoke inflation which would force the Fed to speed up any rate hikes, again, threatening economic growth. That wouldn't go down well at a White House that's already railing against the prospect of higher rates.