News list for " Powell says Fed"
Federal Reserve Chairperson Jerome Powell said the Federal Reserve would not comment on fiscal policy, but the US federal budget was on an unsustainable trajectory. Now is the perfect time to start dealing with it. It is up to Congress to deal with fiscal issues.
Federal Reserve Chairperson Jerome Powell said that the Fed's framework review will not focus on the inflation target, which will remain at 2%. Current policy is well prepared to deal with risks and uncertainties. If the economy continues to be strong and inflation does not move closer to 2%, policy caution can be maintained for a longer period of time. If the labor market unexpectedly weakens or inflation falls more than expected, policy can be moderately eased. The U.S. economy as a whole is s...
Federal Reserve Chairperson Jerome Powell has said that the Federal Reserve does not need to wait for inflation to drop to 2% before cutting interest rates.
