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Wed July 30, 2014
GDP, Fed And Jobs Report: Economists Watching A Big Week In Money
Originally published on Wed July 30, 2014 1:43 pm
Today, the U.S. economy surprised economists by growing at a 4 percent annual rate in the second quarter, rebounding after a disappointing winter.
The Federal Reserve Board announced this afternoon that it will be speeding up the tapering of its bond buying, which has been a way to stimulate the economy since the financial crisis. The Fed says interest rates will stay below normal even after employment and inflation reach normal levels.
NPR’s Marilyn Geewax joins Here & Now’s Jeremy Hobson to discuss these developments and what we might see in the jobs report that will be released on Friday.