Federal Reserve Chair Jerome Powell gave an update on the U.S. economy and monetary policy, saying the central bank would wait until inflation is down to two percent to cut rates.
He also discussed the U.S. economy, calling for reduced federal tax rates and restoring incentives. The former governor also addressed U.S. foreign policy, saying "if we do not accept the responsibilities of leadership, who will?"
She said she was optimistic about the U.S. economy due to signs of a "strong labor market" and decreasing inflation, adding that the supply of labor had "surged" since the early stages of the recovery from the COVID-19 pandemic.
Other topics that came up included capital requirements for banks, legal and illegal immigration's impact on the economy, and housing market challenges.
Other topics addressed included immigration impacts on the economy, effects of rising health care costs and an aging population, and impediments to revenue generation.
Representative Al Green (D-TX), a member of the Financial Services Committee, talked about Democratic Party divisions over President Biden's reelection bid, the economy, and congressional news of the day.
"We're gonna build this country from the bottom up and the middle out, not the top down," he said, and drew a contrast between himself and his Republican presidential challenger former President Donald Trump on plans for the economy and labor.
Agriculture Secretary Tom Vilsack and Assistant Attorney General Jonathan Kanter joined the Center for American Progress for a discussion on increasing fair market competition, lowering the cost of goods for consumers, and revitalizing the U.S. food supply chain. Several topics were addressed, including challenges posed by farm consolidation in rural communities, how market competition creates a stronger economy, agriculture innovation, and reauthorization of the Farm Bill.
Several topics were discussed, including the impact a healthy workforce has on the economy, the private-public partnerships utilized during the pandemic, health data collection and sharing, and the importance of communication among public health stakeholders and the communities they serve.
Treasury Secretary Janet Yellen spoke about the Biden administration's economic agenda and how it's benefitting the U.S. economy at the Economic Club of New York.
Wallace's questions concerned the Supreme Court, the federal response to the coronavirus pandemic, the economy, the candidates' records, civil unrest, systemic racism, and health care.