Powell, Trump rare consensus: US economy better than imagined

According to the US financial media Semafor, US President Trump and Federal Reserve Chairman Powell, whom he has always wanted to replace, have rare consensus on one thing: the US economy is better than Americans imagine. Trump exclaimed on Wednesday: "I don't think anyone realized - the economy is thriving." A few hours later, Powell also told reporters: "The economy is once again surprisingly strong." However, he also pointed out, "Consumer surveys look very negative, followed by spending. The economy has been out of sync with consumer and spending for some time. People are still spending, but what they feel is affordability. One of our jobs is price stability, and the best thing we can do for those feeling pressure is to control inflation."