Wells Fargo economist Sarah House said that despite rising interest rates, the U.S. economy can maintain growth, and expects the Federal Reserve's Kevin Warsh to focus on long-term issues rather than interest rate movements at the Jackson Hole meeting.
Wells Fargo economist Sarah House says the U.S. economy can continue to grow despite rising interest rates. She expects Federal Reserve Chair Kevin Warsh will likely use the Jackson Hole meeting to focus on longer-term issues facing the Fed, rather than signal anything about the next interest rate move. House also discusses alternative economic data, the Fed’s balance sheet, government bond yields, and why the U.S. economy continues to show resilience.
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