This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribepro-market reforms. This could spur growth that would "amount to a 20% expansion of the real economy over the next 15 years — in today's terms, that is like adding US$3.5 trillion to the Chinese economy," she added..
"Today, America once again has the strongest economy in the world. A record 15 million jobs have been created on my watch," he said in the"The unemployment rate has been below 4 percent for the longest stretch in over 50 years," he noted. "We all monitor the labor market very, very carefully, and I don't see those cracks today," Powell said. "We follow all the possible stories that are out there about there being cracks, but the overall picture really is a strong labor market.""Powell did say wages were rising faster than what was consistent with achieving price stability in the past," Diane Swonk, chief economist at KPMG,"It is still unclear whether those gains are a problem or not.