Federal Reserve Chair Jerome Powell all but proclaimed mission accomplished in the fight against inflation and signaled that interest rate cuts are coming in a much-anticipated speech in Jackson Hole, ...
Remarks by Jerome H. Powell, Chair, Board of Governors of the Federal Reserve System at “Reassessing the Effectiveness and Transmission of Monetary Policy,” an economic symposium sponsored by the ...
With inflation nearly defeated and the job market cooling, the Federal Reserve is prepared to start cutting its key interest rate from its current 23-year high, Chair Jerome Powell said Friday.
“[The] key is the Fed getting off data dependence because data dependence is the reason they missed the inflation turn,” he said. Lee’s comments come in stark contrast to the Fed’s data-dependent ...
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