Key takeaways from Fed Chair Powell’s testimony on Capitol Hill
WEBJul 9, 2024 · Federal Reserve Chair Jerome Powell testifies before the Senate Banking, Housing, and Urban Affairs Hearings to examine the Semiannual Monetary Policy Report to Congress at Capitol Hill in ...
Fed faces cooling job market and persistently high prices, Powell …
WEBJul 9, 2024 · The Federal Reserve faces a cooling job market as well as persistently high prices, Chair Jerome Powell said in testimony to Congress, a shift in emphasis away from the Fed’s single-minded fight against inflation that …
Powell Says Fed Viewed Upbeat CPI Data as ‘Progress’
WEBJun 12, 2024 · Powell Says Fed Viewed Upbeat CPI Data as ‘Progress’. Fed dials back rate forecasts, signals just one cut in 2024. Policymakers holds key rate in unanimous decision. Inflation still elevated,...
Fed’s Powell is unfazed by the latest hot inflation reading
WEBMay 14, 2024 · Most Fed officials share Powell’s concerns that inflation could prove to be more persistent than anticipated, making it more challenging to achieve the central bank’s 2% target.
Speech by Chair Powell on inflation and the labor market
WEBNov 30, 2022 · Chair Jerome H. Powell. At the Hutchins Center on Fiscal and Monetary Policy, Brookings Institution, Washington, D.C. Watch Live. Today I will offer a progress report on the Federal Open Market Committee's (FOMC) efforts to restore price stability to the U.S. economy for the benefit of the American people.
Fed's Powell: Latest data 'add somewhat to confidence' inflation is ...
WEBJul 15, 2024 · Federal Reserve Chair Jerome Powell said on Monday the three U.S. inflation readings over the second quarter of this year "add somewhat to confidence" that the pace of price increases is...
Powell says elevated CPI readings in first two months of 2024 …
WEBMar 20, 2024 · Powell says elevated CPI readings in first two months of 2024 don't change inflation picture. By. Jeffry Bartash. Fed Chairman Jerome Powell indicated he's not worried about the...
Fed Chair’s Confidence in Slowing Inflation Is ‘Not as High’ as Before
WEBMay 14, 2024 · Jerome H. Powell, the Federal Reserve chair, reiterated Tuesday that policymakers were poised to hold interest rates steady at a high level as they waited for evidence that inflation is slowing...
WEBreviewing economic developments. Recent indicators suggest that economic activity has been expanding at a solid pace. GDP growth in the fourth quarter of last year came in at 3.2 percent. For 2023 as a whole, GDP. expanded 3.1 percent, bolstered by strong consumer demand as well as improving supply. conditions.
WATCH: Fed Chair Powell suggests taming inflation will take ... - PBS
WEBMay 1, 2024 · Elevated inflation will likely delay interest rate cuts this year, warns Federal Reserve Chair Powell. By Christopher Rugaber, Associated Press. Is the Fed going to cut interest rates?