Fed's Powell: US economy solid, gradual interest rate cuts coming …
WEB5 days ago · At their last meeting Sept. 18, Fed officials reduced their rate to 4.8%, from a two-decade high of 5.3%, and penciled in two more quarter-point rate cuts in November and December. On Monday, Powell said that remains the most likely outcome. “If the economy performs as expected, that would mean two more cuts this year,” both by a quarter ...
Jerome Powell: The Fed has 'growing confidence' inflation is …
WEB5 days ago · 0:35. Federal Reserve Chair Jerome Powell on Monday said there's "growing confidence" that inflation is moving toward the central bank's 2% goal during a speech at the National Association for ...
WEBCore goods inflation has moved down from very high levels over the course of 2022, while housing services inflation has risen rapidly. Inflation in core services ex
Fed Chair Powell says inflation has been higher than thought
WEBMay 14, 2024 · Federal Reserve Chair Jerome Powell reiterated Tuesday that inflation is falling more slowly than expected and will keep the central bank on hold for an extended period.
Speech by Chair Powell on the economic outlook - Federal …
WEBAug 23, 2024 · Inflation is now much closer to our objective, with prices having risen 2.5 percent over the past 12 months (figure 1). 2 After a pause earlier this year, progress toward our 2 percent objective has resumed. My confidence has grown that inflation is on a sustainable path back to 2 percent.
Jay Powell says US inflation battle not over but defends ‘prudent’ …
WEBJun 21, 2023 · Jay Powell reiterated his defence of the Federal Reserve’s recent decision to forgo an interest rate rise at a high-stakes congressional hearing on Wednesday, but signalled further tightening as...
Fed Chair Sees ‘Long Way to Go’ on Inflation Fight - The New York Times
WEBJune 21, 2023. Jerome H. Powell, the chair of the Federal Reserve, told House lawmakers that the United States remains a “long way” away from low and stable inflation even 15 months into the...
Fed Chair’s Confidence in Slowing Inflation Is ‘Not as High’ as …
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...
Powell indicates Fed won’t wait until inflation is down to 2
WEBJul 15, 2024 · Key Points. Powell referenced the idea that central bank policy works with “long and variable lags” to explain why the Fed wouldn’t wait for its target to be hit. The central bank is looking for...
Powell says Fed has made 'quite a bit of progress' on inflation …
WEBJul 2, 2024 · Federal Reserve Chair Jerome Powell expressed satisfaction Tuesday with the progress on inflation over the past year but said he wants to see more before being confident enough to start...