#PowellRemarks The statement "JUST IN: đşđ¸ Fed Chair Jerome Powell says US economy is solid despite uncertainty" means:
Jerome Powell, the head of the U.S. Federal Reserve (the central bank), is saying that:
The U.S. economy is performing well â it's growing, jobs are stable, and consumer spending is strong.
â˘â˘Despite uncertainty, such as:
â˘â˘Global economic issues (like conflicts or slowdowns in other countries)
â˘â˘Inflation concerns
â˘â˘Interest rate decisions
â˘â˘Market volatility
Even with these unpredictable factors, Powell believes the foundation of the U.S. economy remains strong.
---> In short: things are going well economically, even if there are some unknowns ahead.
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