Fed Chair Powell Welcomes Cooling Inflation - The New York Times
WEBJuly 9, 2024. Jerome H. Powell, the chair of the Federal Reserve, indicated on Tuesday that recent inflation data had given the central bank more confidence that price increases were returning to ...
Fed's Powell: Latest data 'add somewhat to confidence' inflation …
WEB1 day ago · The unemployment rate, at 4.1%, is just a tenth of a percentage point below Fed officials' median view of what represents full employment consistent with 2% inflation. "Look where inflation is ...
Key takeaways from Fed Chair Powell’s testimony on Capitol Hill
WEBJul 9, 2024 · Inflation has come a long way since reaching a four-decade peak two years ago, Federal Reserve Chair Jerome Powell said Tuesday. However, central bank officials still want to see more...
Powell indicates Fed won't wait until inflation is down to 2
WEB1 day ago · Federal Reserve Chair Jerome Powell said Monday that the central bank will not wait until inflation hits 2% to cut interest rates. Speaking at the Economic Club of Washington D.C., Powell ...
Powell says Fed has made 'quite a bit of progress' on inflation …
WEBJul 2, 2024 · Federal Reserve Chair Jerome Powell expressed satisfaction Tuesday with the progress on inflation over the past year but said he wants to see more before being confident enough to start...
Fed Chair Jerome Powell: US inflation is cooling again, though it …
WEBJul 2, 2024 · Inflation in the United States is slowing again after higher readings earlier this year, Federal Reserve Chair Jerome Powell said, while adding that more such evidence would be needed before the Fed would cut interest rates.
Fed faces cooling job market and persistently high prices, Powell …
WEBJul 9, 2024 · The Federal Reserve faces a cooling job market as well as persistently high prices, Chair Jerome Powell said in testimony to Congress, a shift in emphasis away from the Fed’s single-minded fight against inflation that …
Fed Chair’s Confidence in Slowing Inflation Is ‘Not as High’ as …
WEBMay 14, 2024 · Jerome H. Powell, the Federal Reserve chair, reiterated Tuesday that policymakers were poised to hold interest rates steady at a high level as they waited for evidence that inflation is...
Speech by Chair Powell on inflation and the labor market
WEBNov 30, 2022 · Twelve-month core PCE inflation stands at 5.0 percent in our October estimate, approximately where it stood last December when policy tightening was in its early stages. Over 2022, core inflation rose a few tenths above 5 percent and fell a few tenths below, but it mainly moved sideways.
Federal Reserve chair Jay Powell expects US inflation to keep …
WEBMar 29, 2024 · Federal Reserve chair Jay Powell has said he still expects inflation to fall towards the US central bank’s 2 per cent goal, as new data highlighted the bumpy road ahead for officials as they...