If the outlook changes materially, policy will change as well. At this point in the long expansion, I see the glass as much more than half full. With the right policies, we can fill it further, building on the gains so far and spreading the benefits more broadly to all Americans.
Building on the Gains From the Long Expansion Jerome H. Powell Chair Board of Governors of the Federal Reserve System at Annual Meeting of the Greater Providence Chamber of Commerce Providence, Rhode Island For release at 7:00 p.m. EST November 25, 2019  Figure 1.