News list for " Reserve Chairperson Powell"
Federal Reserve Chairperson Jerome Powell said on Wednesday that the US economy is stronger than it was when the central bank began cutting interest rates in September last year, making policymakers likely to be more cautious about further rate cuts. "We can be more cautious as we try to find a neutral position," Mr. Powell said. Mr. Powell's comments on Wednesday appeared to be in line with more cautious policymakers and largely echoed earlier views that the Fed could consider rate cuts "carefu...
Federal Reserve Chairperson Jerome Powell said the Fed would do better on inflation if it remained independent. The Fed needs to maintain a high degree of transparency, which requires the Fed to remain independent. There has been a strong response to inflation, which has helped anchor inflation expectations. Mr. Powell said the Fed does not consider the interests of any political party when making decisions. Politics could be a distraction.
Fed Chairperson Jerome Powell said it was too early to pass judgment on the impact of Trump's policies and that it was important to reserve judgment on the impact of new policies and wait and see how things actually develop. In the case of fiscal policy, passing a bill takes a long time. The Fed has time to assess the net effect of policy changes before reacting to them. Changes in government policy usually do not have an immediate impact on the achievement of the Fed's goals.
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.
Federal Reserve Chairperson Jerome Powell said the overall economy is performing strongly, high inflation has eased significantly, and the labor market remains solid.
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.
Federal Reserve Chairperson Jerome Powell said the central bank remains firmly focused on its dual mandate goals; the U.S. economy is generally strong; the labor market has cooled from its previous overheating; and the central bank is committed to keeping the economy strong.
Federal Reserve Chairperson Jerome Powell has said he will keep interest rates on hold if necessary if the economy remains sound; is ready to respond if the labor market unexpectedly weakens; cuts too late could weaken the economy too much; and has yet to make any decisions about future meetings, including in September.
Federal Reserve Chairperson Jerome Powell said the economy has performed well over the past few years, growth is expected to slow this year, and inflation will continue to progress. The last three inflation data did boost confidence.
Fed Chairperson Jerome Powell said inflation had slowed significantly, but remained above the 2 per cent target. Quarter 1 data "do not support" more confidence in the path of inflation, which is what the Fed needs to cut interest rates. GDP growth appears to have slowed in the first half of 2024.
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