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How Do FOMC Members View US Economic Growth?

Ricky Cove
How Do FOMC Members View US Economic Growth?

According to the May FOMC meeting minutes, members are of the view that the US economy is continuing to grow at a moderate pace. The trend of improving economic conditions in the inter-meeting period continued at the May meeting, with FOMC members acknowledging strength in the employment market, increased household spending, and improved business investment.