Business
Fed’s Powell warns market must be flexible with forecasts, ‘dynamic’ economy on November 8, 2023 at 4:59 pm Business News | The Hill
Federal Reserve Chair Jerome Powell urged the central bank’s forecasters on Wednesday to remain flexible and “think outside” traditional economic models, as they continue to offer projections for a post-pandemic economy that has repeatedly confounded expectations.
Powell touted the Division of Research & Statistics, which provides the Fed with economic data and analysis ahead of its interest rate decisions, at a conference celebrating the division’s 100th anniversary.
While the Fed chair noted that the division’s forecasts require “a high degree of intellectual rigor,” he also emphasized that this “has to be combined with flexibility and agility.”
“Economic models can do a reasonably good job of capturing the working of the economy over past decades,” Powell said at Wednesday’s conference. “Of course, even with state-of-the-art models and even in relatively calm times, the economy frequently surprises us.”
“But our economy is flexible and dynamic, and subject at times to unpredictable shocks, such as a global financial crisis or a pandemic,” he continued. “At those times, forecasters have to think outside the models.”
Powell did not mention the outlook for the economy or potential changes to interest rates on Wednesday.
The Fed opted to hold interest rates steady at a range of 5.25 to 5.5 percent last week, marking the first time in nearly two years that it has paused rates at two consecutive meetings.
The central bank has repeatedly raised interest rates over the past year-and-a-half in an effort to ease inflation. However, the economy has remained surprisingly resilient, and inflation still sits well above the Fed’s 2 percent target.
The labor market, though, may be showing signs of cooling.
The October jobs report released last week fell short of expectations, as the U.S. economy added 150,000 jobs and the unemployment rate rose to 3.9 percent.
Business, News, Technology, federal reserve, inflation, interest rate hikes, Interest rates Federal Reserve Chair Jerome Powell urged the central bank’s forecasters on Wednesday to remain flexible and “think outside” traditional economic models, as they continue to offer projections for a post-pandemic economy that has repeatedly confounded expectations. Powell touted the Division of Research & Statistics, which provides the Fed with economic data and analysis ahead of…
Veteran actor Khalil Kain, known for his roles in “Juice” and “Girlfriends,” has joined the cast of the upcoming psychological thriller “She Wants My Life.” Kain takes on the role of Marcus, the successful husband of protagonist Niesha.
Actor Khalil Kain and Director Shannon Washington on set of ‘She Wants My Life’
In this tense drama, Kain’s character Marcus is a key figure in the seemingly perfect suburban life that becomes the target of a dangerous obsession. As a successful man with a beautiful family and luxurious home, Marcus represents the ideal that the antagonist Veronica desperately wants to claim for herself.
However, Kain’s role is more complex than just being the object of desire. Marcus is described as having a strained relationship with his wife Niesha, hinting at deeper issues beneath the surface of their picture-perfect life. This tension in their marriage becomes a vulnerability that Veronica exploits as she infiltrates their household.
Behind the scenes of ‘She Wants My Life’
As the story unfolds, Kain’s portrayal of Marcus will likely explore the character’s reactions to the growing chaos in his home life. His performance will be crucial in depicting how Marcus navigates the increasing isolation of his wife, the manipulation of his children, and the encroachment of Veronica into every aspect of his family’s existence.
Kain’s extensive experience in both film and television makes him well-suited to handle the nuanced role of Marcus. His ability to portray complex characters will be essential in bringing depth to a character caught between his deteriorating marriage and the machinations of an obsessed outsider.“She Wants My Life” promises to be a gripping psychological thriller, with Khalil Kain’s Marcus at the center of a story about envy, deception, and the fight to protect one’s family from a dangerous intruder.
With “She Wants My Life” soon to hit screens, Khalil Kain’s nuanced portrayal of Marcus will undoubtedly spark intense discussions. For the latest news, exclusive interviews, and behind-the-scenes peeks, keep following us. As the release date approaches, get ready to immerse yourself in this gripping tale of obsession and betrayal.
Author: Bolanle Media Staff
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Author: Bolanle Media Staff
In a significant move to revitalize a nearly two-century-old connection, President of Liberia, Joseph Nyumah Boakai, and his cabinet members met with key Fulton County officials on Wednesday, August 21st. This historic meeting was made possible due to the efforts of Aaron Faulkner, film director, and Dr. Clarice Ford-Kulah, President of Providence Preservation Foundation Inc., who played a crucial role in facilitating the discussion. Dr. Ford-Kulah and her team were instrumental in bringing everyone together, and she will be orchestrating the return visit in December of the Fulton County delegation. The meeting, which took place in Atlanta, Georgia, focused on potential partnerships aimed at addressing Liberia’s current challenges and marked a significant step towards strengthening the historic ties between Liberia and Fulton County.
President Joseph Nyumah Boakai met privately with Fulton County officials to discuss strengthening historic ties and exploring new collaborations between Liberia and Fulton County, Georgia.
The relationship between Liberia and Fulton County dates back to the early 19th century when freed African Americans, many from Georgia, settled in Liberia. This connection has endured for nearly two centuries, creating a unique bond between the two regions.
High-profile figures, including the President of Liberia, members of his cabinet, Chief Probate Judge Kenya Johnson of Fulton County, and Fulton County Chairman Robb Pitts, attended the meeting. The discussions focused on exploring ways to strengthen economic ties, foster educational and cultural exchanges, and address healthcare challenges in Liberia.
President Joseph Nyumah Boakai met privately with Fulton County officials to discuss strengthening historic ties and exploring new collaborations between Liberia and Fulton County, Georgia.
Potential areas of collaboration include trade partnerships, investment opportunities in Liberian infrastructure, technology transfer programs, scholarship programs for Liberian students, cultural exhibitions, medical training programs, and telemedicine partnerships.
Chief Probate Judge Kenya Johnson provided insight into the historical ties between Fulton County and Liberia, referencing documents from the Fulton County Probate Court that shed light on the complex history of slavery and emancipation in the region.
Chairman Robb Pitts emphasized the potential for mutual benefit in this partnership, stating, “By leveraging our shared history and combining our resources, we can create meaningful change and opportunities for both Liberia and Fulton County.”
President Joseph Nyumah Boakai standing next to Her Royal Majesty Shanta Lana Hereford, Warrior Queen of The Cherut Nation.
The meeting concluded with a commitment to continue dialogue and develop concrete action plans for collaboration. Both parties expressed optimism about the potential for this partnership to address pressing issues in Liberia while strengthening the bonds between the two regions.
This historic meeting marks a significant step towards revitalizing the connection between Liberia and Fulton County, with the potential to create meaningful change and opportunities for both regions.
- Follow us on social media for the latest news and updates on this partnership
- Sign up for our newsletter to receive exclusive insights and information on how to get involved
- Contact us to learn more about how you can contribute to this historic partnership
- Share your ideas and suggestions on how to strengthen the ties between Liberia and Fulton County
Author: Bolanle Media Staff
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