News list for " Powell said that the Federal Reserve"

Federal Reserve Chairperson Jerome Powell said that the Federal Reserve cannot control long-term interest rates, which are determined by supply and demand in the bond market; the risk perspective of budget deficits and inflation expectations is one of the main factors contributing to the rise in long-term interest rates.

2025-02-11 16:00:14

Federal Reserve Chairperson Jerome Powell says the Fed remains focused on achieving its dual-mandate goals of maximum employment and stable prices for the benefit of the American people. The economy is generally strong and has made significant progress toward their goals over the past two years. Labor market conditions have cooled from their previous overheating and are holding steady. Also, while it remains somewhat high, inflation has moved closer to the Fed's long-term goal of 2 percent.

2025-02-11 15:20:27

Federal Reserve Chairperson Jerome Powell said the central bank could adjust policy limits more slowly or more quickly and would continue to make decisions on a meeting-by-meeting basis. If the economy remains strong and inflation does not fall back to 2 percent, policy can be adjusted more slowly.

2024-11-07 19:40:19

Federal Reserve Chairperson Jerome Powell said that the Federal Reserve has not declared a victory on inflation, but the situation is encouraging; he wants to see inflation near 2% for some time; housing inflation is a bit upsetting; housing inflation is falling more slowly than expected; and other elements of inflation are already doing well.

2024-09-18 19:12:04

Federal Reserve Chairperson Jerome Powell said the Fed does not have the authority to issue a central bank digital currency (CBDC). Authorization to issue a central bank digital currency is not sought.

2024-07-31 19:20:46

Federal Reserve Chairperson Jerome Powell said the Fed has used ChatGPT to generate questions that may be asked at press conferences, but it has not yet been used for monetary policy.

2024-07-15 17:15:58