Comments from Richmond Fed leader

Comments from Richmond Fed leader
  • US economy healthy with some risks and possible shocks
  • Reducing uncertainty would boost US growth
  • US growth easing to normal level, not underperforming
  • Encouraged by recent jobs and holiday spending reports
  • Still concerned US could 'talk ourselves' into a recession given uncertainty around the globe and domestic politics
  • Still concerned about weak business investment

The Fed attitude is very much in line with US equity markets, which are optimistic about the year ahead and the outlook for growth.