Dallas Fed President Lorie Logan, a member of the 2026 FOMC voting committee, urged policymakers to be cautious in the coming months, reiterating that falling inflation would not necessarily prompt further rate cuts. Logan said at a moderated discussion in Palm Desert, California, on Friday: "Even if we get better data and it does look like [inflation] is closer to 2 percent, I think...
Federal Reserve Chairperson Powell said that bitcoin is digital gold, and bitcoin is not currently replacing the U.S. dollar, but a strong competitor to gold. In response, Binance co-founder CZ said that Powell's views on bitcoin are improving gradually.
Federal Reserve Chairperson Jerome Powell acknowledged that the CPI reading was higher than almost all forecasts, but he cautioned against overreacting, saying officials wanted to maintain restrictive policy for now. Click to view...
Federal Reserve Chairperson Jerome Powell said that even if the Department of Government Efficiency cuts spending by $1 trillion, it's hard to tell how that will affect the economy.
Federal Reserve Chairperson Jerome Powell on Wednesday warned against reading too much into data showing the largest month-on-month increase in the consumer price index (CPI) in more than a year, while acknowledging that the reading was significantly higher than expected. "The CPI reading is higher than almost all forecasts, but I just want to remind you of two things," Powell told the House Financial Services Committee hearing. "First, we're not going to get excited about one or two good readin...
Federal Reserve Chairperson Jerome Powell said the central bank has not done any work aimed at promoting the development of retail central bank digital currencies (CBDCs).
Federal Reserve Chairperson Jerome Powell attended a hearing of the Senate Committee on Finance, Housing and Urban Affairs to deliver semi-annual monetary policy testimony and answer questions from lawmakers. Key points of Powell's testimony include: Inflation has moved much closer to the 2 per cent long-term target, although still slightly higher, and risks under the dual mandate are being watched closely. Recent data suggest that economic activity continues to grow at a healthy pace.
Federal Reserve Chairperson Jerome Powell said January's inflation data suggest the central bank is close to but not yet on target for inflation.
Federal Reserve Chairperson Jerome Powell said the Federal Reserve will maintain interest rates at current levels and wait for evidence of further reductions in inflation. Paying reserves to banks has not had an impact on inflation, and paying interest on reserves is the way to control policy rates.
Federal Reserve Chairperson Jerome Powell: Dot charts do not constitute forward guidance.
Federal Reserve Bank of Atlanta President Robert Bostic said the job market is still doing pretty well and the latest inflation data shows it still needs to be monitored cautiously. And said GDP is more resilient than expected. It is difficult to have confidence in any forecast at this time given the uncertainty of policy on multiple fronts. The Fed will remain on the sidelines until it gets more clear information.
Federal Reserve Chairperson Jerome Powell said that we do not want to prevent banks from providing services to legitimate customers using cryptocurrencies. When banks conduct cryptocurrency activities on their own, it is appropriate to ensure that we understand the risks involved.
Federal Reserve Chairperson Jerome Powell said that (when asked if the Fed would give the Department of Government Efficiency access to Fed data) we have no contact with them and have no information to report.
Federal Reserve Chairperson Jerome Powell said he would not resign even if President Donald Trump asked for it.
Federal Reserve Chairperson Jerome Powell will deliver his semi-annual monetary policy testimony in ten minutes.