The U.S. economy is in good shape after three interest-rate cuts this year, two ...
INDIANAPOLIS/NEW YORK - The U.S. economy is in good shape after three interest-rate cuts this year, two U.S. central bankers said on Wednesday, underscoring the consensus at the Federal Reserve for keeping borrowing costs where they are for the time being.
A few hours earlier he had toured the Indianapolis Motor Speedway, home to the oldest car race in the world, where he had taken a spin around the now-snowy track in a Chevrolet Tahoe at a top speed of 35 miles an hour. The record for an Indy 500 lap is just over 237 miles an hour. “We are looking for the economy to continue to grow, labor markets to continue to be strong,” Evans said, adding that he is comfortable with leaving rates where they are through next year, and then with one rate hike in each of 2021 and 2022.
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