Fed Chair Powell: The base line would be solid growth next year

Economic Outlook - The economic outlook for next year appears optimistic due to additional GDP growth, easing inflation, and a steady unemployment rate [1] - The forecast indicates a pickup in growth from the current low level of 1.7% to 2.3% for next year, with adjustments accounting for previous shutdown impacts [3] Drivers of Growth - Key drivers of the positive forecast include resilient consumer spending and sustained business investment in AI-related sectors, particularly data centers [2][4] - Fiscal policy is expected to remain supportive, contributing to solid growth alongside ongoing AI spending [4]