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Powell: Opening Remarks
Thank you for the opportunity to participate in today's panel discussion. My assigned topic is U.S. monetary policy in the current global inflation episode. I will briefly address the U.S. outlook and then turn to three broader questions raised by the historic events of the pandemic era. U.S. inflation has come down over the past year but remains well above our 2 percent target (figure 1).1 My colleagues and I are gratified by this progress but expect that the process of getting inflation sustainably down to 2 percent has a long way to go. The labor market remains tight, although improvements in labor supply and a ... (full story)
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Powell: 'Gratified' by Lower Inflation but Sees 'Long Way to Go' -- WSJ
— *Walter Bloomberg (@DeItaone) November 9, 2023
Powell: 'We Are Not Confident That We Have Achieved Such a Stance' -- WSJ
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FED'S POWELL: WE EXPECT GDP GROWTH TO MODERATE IN COMING QUARTERS, BUT REMAINS TO BE SEEN.
— Breaking Market News (@financialjuice) November 9, 2023
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FED'S POWELL: WE ARE ATTENTIVE TO THE RISK THAT STRONGER GROWTH COULD UNDERMINE INFLATION PROGRESS, WHICH COULD WARRANT A MONETARY POLICY RESPONSE.
— Breaking Market News (@financialjuice) November 9, 2023
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FED'S POWELL: IT IS TOO SOON TO KNOW IF POLICY CHALLENGES OF EFFECTIVE LOWER BOUND WILL BE A THING OF THE PAST.
— Breaking Market News (@financialjuice) November 9, 2023
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