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People Are Starting to Worry About Whether Kevin Warsh is a Credible Fed Chair
['Layla A. Jones', 'Is A Reporter For Tpm In Washington', 'D.C.', 'With Experience Covering Government', 'Economic Policy', 'Race', 'Culture', 'History. She Has Written For The Philadelphia Inquirer', 'Billy Penn', 'Whyy']
TPM – Talking Points Memo
Trump’s new Federal Reserve Board Chair Kevin Warsh took two missteps in two opposite directions during and after yesterday’s Federal Open Market Committee (FOMC) rate decision.
“Productivity growth and capital investment are strong.”
Investment growth was also lower than the BEA had previously projected.
The Federal Reserve Board declined to comment on which data the FOMC relied on for its statement about strong productivity growth and investment.
And investment growth still represents a positive contribution to overall GDP growth.