In an interview with CBS News’ Scott Pelley on Sunday, Federal Reserve Chairman Jerome Powell reiterated that the economy is strong and the Fed’s approach to interest rate increases remains “patient.” However, Powell said the days of sustained 4 percent growth of the GDP are over, because the U.S. population is aging, and fewer young people are participating in it due to globalization, technology outpacing education and the opioid epidemic. CBS News business analyst Jill Schlesinger speaks with Here & Now‘s Robin Young on Powell’s wide-ranging interview.
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