Powell takes questions from the Senate
- It's going to take time to rebuild confidence
- We appear to be in the beginning of the bounce stage
- This morning's retail sales number was more positive evidence
- The Fed is highly motivated to get labor market back to where it was before the pandemic
- If state and local governments are in financial straits, it can really weigh on the economy
- US budget has been unsustainable for years... Every generation is entitled to spend on the things it thinks it needs, but it really ought to pay for it, rather than passing the bill onto kids.
