Second Quarter GDP Grew 4.1 percent
Real GDP grew at a seasonally adjusted annual rate of 4.1 percent during the second quarter of 2018, according to the Bureau of Economic Analysis’s “advance” estimate, up from 2.2 percent in the first quarter.
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Powell: Tailored Regulation Remains a Top Priority for Federal Reserve
Tailoring regulation based on an institution’s size and risk profile is “at the heart of what we’re doing” at the Federal Reserve, Chairman Jerome Powell affirmed today during testimony before the House Financial Services Committee.
Quarles Anticipates Gradual Rate Hikes Will Continue
Touting the strength of the U.S. economy, which he noted was “in the best shape that it has been since the crisis,” Federal Reserve Vice Chairman for Supervision Randal Quarles today signaled that the Fed will continue gradually increasing the target federal funds rate in the months ahead.
Dallas Fed’s Kaplan Anticipates Short-Term Economic Growth, Long-Term Challenges
As the Federal Reserve continues its slow and steady course to raise the federal funds rate, Federal Reserve Bank of Dallas President and CEO Robert Kaplan today said he expects to see continued GDP growth and tightening of conditions in the labor market in 2018.