After the coronavirus shock, the US economy will return to solid growth and a solid labor market.
Accurate ●●●●●
“I do know that the U.S. economy is strong, and we will get to the other side of this. And I fully expect it will return to solid growth and a solid labor market as well.”
- Said on
- 3 March 2020 · Press conference after the emergency 50 basis point rate cut
- Source
- Transcript of Chair Powell's Press Conference, March 3, 2020 · Federal Reserve
- Should come true
- No date given
- How sure they sounded
- I fully expect
- Categories
- EconomyHealth
- Importance
- 3 of 5 · Outlook for the US recovery from the COVID-19 shock.
Outcome
Accurate Happened 31 March 2022.
US real GDP grew 5.7% in 2021 (advance estimate), and unemployment fell from 14.7% in April 2020 back to about 3.6% by March 2022, near its pre-pandemic low. Both solid growth and a solid labor market returned.
- https://www.bea.gov/news/2022/gross-domestic-product-fourth-quarter-and-year-2021-advance-estimate
- https://fred.stlouisfed.org/series/UNRATE
History
- 2026-10-17 00:14:30 · created by claude
- 2026-10-17 00:14:30 · categorized by claude
- 2026-10-17 00:17:26 · scored by claude
- 2026-10-17 00:17:41 · categorized by claude