Washington, DC (November 28, 2018) – The US economy powered through the 3rd Quarter despite weeks of stock market turmoil, more evidence of strong fundamentals that don’t get nearly enough attention on the financial pages, said the Job Creators Network today.
“We spend too much time watching the DOW go up and down, and not enough time looking at the tremendous underlying strength of this economy,” said JCN President and CEO Alfredo Ortiz.
“We are clearly on track to hit an annual growth rate of 3 percent, which is the administration’s target. It’s also the kind of economic growth that many experts and the previous administration said would never happen again. This is great news,” he said.
Ortiz said last week in a piece published in multiple outlets that the real threat to the economy is a trigger-happy Federal Reserve Board.
“The Fed has been raising rates too aggressively, and if that keeps up it could make expansion very hard for small businesses, which employ half the workforce,” he said. “The Fed’s job is to worry about inflation, and there is not enough data right now to justify another rate increase.”
For more information about the Job Creators Network, please visit www.jobcreatorsnetwork.com.