What does the lower than expected GDP growth numbers (1.6% actual vs 2.5% expected) mean for the Fed/economy? Seeing lots of Jerome Powell memes and I’m a bit lost

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What does the lower than expected GDP growth numbers (1.6% actual vs 2.5% expected) mean for the Fed/economy? Seeing lots of Jerome Powell memes and I’m a bit lost

In: Economics

3 Answers

Anonymous 0 Comments

They aim for 2%. Variance is normal, it’s just when those variances become longer term trends is when things become problems.

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