2019, a year of strong growth for US
Fed would keep keen watch to ensure muted inflation! Despite Goldman, Forbes, economic analysts feared a slower US economy in 2019, Vice Chairman and member of the Board of Governors, US Federal Reserve, Richard H. Clarida said, “In terms of the economic outlook, ongoing momentum heading into this year indicates that that above-trend growth is likely to continue in 2019.” He was speaking on Monetary Policy Outlook for 2019 at the Money Marketeers of New York University. As we begin 2019, the initial conditions for the real economy are favorable. Through the first three quarters of last year, gross domestic product growth averaged 3.2 percent. Private-sector forecasts as well as our Summary of Economic Projections indicate that, when the data for the fourth quarter are released, they will show the economy likely grew at 3 percent or perhaps a little faster in 2018 for the year as a whole. If so, economic growth in 2018 would be the fastest annual growth rate recorded