Powell and other Fed officials have said they will not cut interest rates until they have gained even greater confidence that inflation is headed back to the central bank’s 2% target after a …
until they have gained even greater confidence that inflation is headed back to the central bank’s 2% target after a breakout surge during the pandemic.
Dead real estate mogul Brandon Miller owed more than $100K for luxury furniture rental, $50K for boat: suits Asked his views of the Fed’s current congressionally established mandate to maintain both stables prices and full employment, Powell said he thought the current arrangement had served the Fed well. Some critics of the dual mandate feel the Fed should only focus on inflation.
His other comments on Tuesday tracked the Tuesday hearing in the Senate, showing both increased faith in a continued decline in inflation and a growing sensitivity about the risk of keeping monetary policy too tight for too long and slowing the economy more than necessary., a number Powell considers low by historical standards but which has been rising incrementally for a year. It is also above the level many economists and Fed officials feel represents sustainable full employment.
Economy Federal Reserve Inflation Interest Rates Jerome Powell
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