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Shoppers walk past a Saks Fifth Avenue outlet store in Miami on Black Friday. Millennials have lower earnings, fewer assets and less wealth, a new Federal Reserve study says. Lynne Sladky/AP hide caption

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Lynne Sladky/AP

In a speech to the Economic Club of New York on Wednesday, Federal Reserve Chairman Jerome Powell said interest rates are just below the range of estimates that would be "neutral" for the economy. Don Emmert/AFP/Getty Images hide caption

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Don Emmert/AFP/Getty Images

Federal Reserve Board Chairman Jerome Powell, seen before a Senate committee hearing in July. The Fed announced another interest rate bump Wednesday on the strength of a healthy economy. Andrew Caballero-Reynolds/AFP/Getty Images hide caption

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Andrew Caballero-Reynolds/AFP/Getty Images

President Trump answers a question during a Reuters interview in the Oval Office on Monday. The president again criticized the Fed for raising interest rates. Leah Millis/Reuters hide caption

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Leah Millis/Reuters

Led by Chairman Jerome Powell, the Federal Reserve held steady with no rate increase, but it is expected to raise rates twice more by the end of the year. Alex Wong/Getty Images hide caption

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Alex Wong/Getty Images

Workers weld drawers on the assembly line at the Metal Box International toolbox factory in Franklin Park, Ill. Many analysts estimate that U.S. economic growth picked up in the second quarter. Tim Aeppel/Reuters hide caption

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Tim Aeppel/Reuters

How Fast Did The Economy Grow? Forecasts Are All Over The Place

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President Trump looks on as his nominee for Federal Reserve chairman, Jerome Powell, speaks at the White House on Nov. 2. On Thursday, Trump said he is "not thrilled" about Fed interest rate hikes. Drew Angerer/Getty Images hide caption

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Drew Angerer/Getty Images

Trump Slams Interest Rate Hikes, Ignoring Hands-Off Tradition Toward Fed

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Federal Reserve Board Chairman Jerome Powell faced questions before the Senate Banking Committee on Tuesday about the effects of President Trump's trade policies. Jose Luis Magana/AP hide caption

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Jose Luis Magana/AP

Federal Reserve Chairman Jerome Powell speaks before the Economic Club of Chicago on April 6. The central bank raised a key short-term rate by a quarter-point on Wednesday, the second increase this year. Charles Rex Arbogast/AP hide caption

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Charles Rex Arbogast/AP

A volunteer cleans up needles used for drug injection that were found at a homeless encampment in Everett, Wash., in November. Respondents in a Federal Reserve survey who knew someone who had been addicted to opioids were less likely to give the economy a favorable rating. Ted S. Warren/AP hide caption

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Ted S. Warren/AP

Federal Reserve Board Chairman Jerome Powell testifies during a Senate banking committee hearing in Washington, D.C., on March 1. This week, Powell presided over a Fed policy meeting for the first time since becoming chairman. Saul Loeb/AFP/Getty Images hide caption

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Saul Loeb/AFP/Getty Images

Fed Raises Interest Rates Again As New Chairman Steps Into Spotlight

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Federal Reserve Chairman Jerome Powell testifies Tuesday before the House Financial Services Committee in Washington. "My personal outlook for the economy has strengthened since December," he said. Jacquelyn Martin/AP hide caption

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Jacquelyn Martin/AP

New Fed Chief Sees Interest Rates Continuing To Rise As Economy Strengthens

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Federal Reserve Chair Janet Yellen waits for a hearing of the Joint Economic Committee in Washington, D.C., on Nov. 29, 2017. Brendan Smialowski/AFP/Getty Images hide caption

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Brendan Smialowski/AFP/Getty Images

With Focus On Unemployment, Yellen Led Fed Through Tough Balancing Act

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