Federal Reserve (Fed) Chairman Jerome Powell noted that the US economy has performed remarkably well in recent years while giving a nod of the head to recent inflation readings.
Fed eral Reserve Chairman Jerome Powell noted that the US economy has performed remarkably well in recent years while giving a nod of the head to recent inflation readings. The head of the Fed also reaffirmed that the Fed won't be waiting until inflation reaches the 2% annual target. Key highlights Economy performed remarkably well last couple of years. This year expected economy to slow and inflation to continue to make progress; something like that is happening.
The three readings in second quarter to add to confidence in inflation falling. Now that inflation has come down will look at both mandates. If we were to see unexpected weakening in labor market, that would merit reaction from us. Not going to send any signal on any particular meeting. Will make decisions meeting by meeting. Will make decisions based on evolving data and outlook. The Fed's undertaking is to make decisions on data, and only on data, not politics.
Centralbanks Inflation Interestrate
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
NY Fed's John Williams says bank will 'ignore the politics,' make 'data dependent' rate decisionsFederal Reserve Bank of New York President and CEO John Williams says his colleagues are focused on making the 'best decisions' for the U.S. economy and ignoring politics.
Read more »
Fed Chair Powell scheduled for July 9 Senate Banking testimonyFed Chair Powell scheduled for July 9 Senate Banking testimony
Read more »
Watch Fed Chair Jerome Powell's remarks on interest rate policy and the economyThese will be Powell’s first remarks since the June CPI report showed inflation cooling.
Read more »
Silver Price Forecast: XAG/USD hovers around $31 ahead of Fed Powell’s speechSilver price (XAG/USD) consolidates in a tight range near $31.00 in Monday’s North American session.
Read more »
AUD/USD remains sideways below 0.6800 in countdown to Fed Powell’s speechThe AUD/USD pair consolidates below the crucial resistance of 0.6800 in Monday’s American session.
Read more »
Forex Today: Cautious start to week ahead of Fed Chairman Powell speechHere is what you need to know on Monday, July 15: Markets have started the new week in a cautious manner following news of an assassination attempt on former President Donald Trump.
Read more »