CBC Partners with Stifel Financial Corp. to Discuss U.S. Economy Rebounding Faster than Expected, but Challenges Persist

Provided By: Lindsey M. Piegza, Ph.D., Chief Economist 
“U.S. Economy Rebounding Faster than Expected, but Challenges Persist”
"The U.S. appears to be rebounding at a faster pace than previously expected, but it still may be years before the economy has fully recovered, at least according to the Chairman of the Federal Reserve, Jerome Powell. Speaking to National Public Radio (NPR) ahead of the long holiday weekend, Powell applauded the pace of recent job growth, noting the August employment report was “a good one.” "Through May and June,” he said, “we got quite a few people back to work." At the same time, he was quick to acknowledge the ongoing struggle still facing the labor market despite steps in the right direction and the uneven nature of the recovery across sectors."
The full report is available here.
Stifel Financial Corp. is a diversified financial services holding company that conducts its business through several wholly owned subsidiaries. Its primary broker-dealer subsidiary, Stifel, Nicolaus & Company, Incorporated, is a full-service brokerage and investment banking firm established in 1890. Stifel Financial Corp. was formed as a holding company in July 1983 and is publicly traded on the New York Stock Exchange under the symbol "SF."