Read the quotation from Jerome Powell, chairperson of the Federal Reserve.Generally speaking, the US economy is coming off a very strong year last year. We had growth just a touch—higher than 3 percent. We have high levels of employment, low levels of unemployment, wages are moving up. Consumer confidence is high, business confidence is high. We've seen a bit of a slowing, but I would say the principal risks to our economy now seem to be coming from slower growth in China and Europe.
Answer
A
It is an account of events by a participant.
B
It is an analysis of past events by a historian.
C
It is an analysis of events observed by a nonparticipant.
D
It is a synthesis of data collected from multiple sources.
Explanation
Jerome Powell was speaking as the chairperson of the Federal Reserve while describing the US economy at that time. His remarks are a firsthand account from someone involved in economic policy, not a historian’s later analysis or a compilation of sources. Therefore, the quotation is an account of events by a participant.
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