Below are key highlights from the prepared speech delivered by Atlanta Fed President to an economic development group at Louisiana State University.
Key quotes
- Possible headwinds not throwing economy or Fed off track.
- Expected strong third-quarter GDP growth shows U.S. may have shifted to a higher gear.
- Unless data surprise to downside, Fed should continue gradual rate increases at least “a few” more times.
- Household finances in good shape, firms so far resilient to trade and tariff risks, though beginning to cite cost increase concerns.
- Important Fed guard against running an overly high-pressure economy to avoid need for more “muscular” Fed response.
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