Source: Washington Examiner
by Dan Varroney
“Federal Reserve Chairman Kevin Warsh pulled back the curtain this week on an economy making more progress than people feel. Gallup’s Economic Confidence Index stood at minus 31 in July, and two-thirds of people said conditions were getting worse. Yet consumers continue to spend, workers are holding on to their jobs, and businesses are investing heavily in the technology and productive capacity that will shape what comes next. People may feel uncertain, but they are not acting defeated. Warsh called the economy’s resilience ‘impressive’ after the Federal Reserve held interest rates steady. He pointed to solid growth, job gains keeping pace with the workforce, and an unemployment rate that has changed little, even as inflation remains above the Fed’s 2% goal.” (07/30/26)