Federal Reserve Chairperson Jerome Powell has said that he will definitely complete his term as chairperson of the Federal Reserve.
Federal Reserve Chairperson Jerome Powell said he was concerned about the rise in U.S. Treasury yields, which are far from their previous levels. It is too early to determine the specific direction of the country's yields. He also said that bond interest rates reflect economic growth expectations; volatility in the bond market does not appear to be mainly influenced by rising expected inflation. Powell said that since the September meeting, the main economic activity data has been stronger; some...
Fed chairperson Jerome Powell said the omission of a change in confidence language from the FOMC statement did not imply any hint of stickiness in inflation. Asked about September's forecast for a 2025 rate cut, Mr. Powell said he did not rule that out or accept that possibility.