Jerome Powell

The US economy will be performing strongly in the second half of 2021.

“my expectation--and I think many people have the expectation that the second half of next year should--the economy should be performing strongly.”

Said on

16 December 2020 · FOMC press conference

Source

Transcript of Chair Powell's Press Conference, December 16, 2020 · Federal Reserve

Should come true

Q4 2021

How sure they sounded

my expectation... should

Categories

EconomyHealth

Importance

3 of 5 · Outlook for the US pandemic recovery, which shaped monetary and fiscal policy.

Outcome

Accurate Happened 31 December 2021.

US real GDP grew at a 6.9% annual rate in Q4 2021 and 5.7% for 2021 (advance estimate), with strong job gains in the second half. The economy performed strongly in H2 2021 as predicted.

Evidence:

• https://www.bea.gov/news/2022/gross-domestic-product-fourth-quarter-and-year-2021-advance-estimate