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Powell: Review and Outlook
Four and a half years after COVID-19's arrival, the worst of the pandemic-related economic distortions are fading. Inflation has declined significantly. The labor market is no longer overheated, and conditions are now less tight than those that prevailed before the pandemic. Supply constraints have normalized. And the balance of the risks to our two mandates has changed. Our objective has been to restore price stability while maintaining a strong labor market, avoiding the sharp increases in unemployment that characterized earlier disinflationary episodes when inflation expectations were less well anchored. We have ... (full story)
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*FED’S POWELL: DONT SEEK OR WELCOME FURTHER COOLING IN LABOR MKT
— DB News TradFi (@DBNewswire) August 23, 2024
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*FED’S POWELL: MY CONFIDENCE HAS GROWTH THAT INFLATION ON SUSTAINABLE PATH BACK TO 2%
— DB News TradFi (@DBNewswire) August 23, 2024
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Fed's Powell: Thew policy rate level gives ample room to respond to risks, including unwelcome further weakening in the labor market.
— Markets & Mayhem (@Mayhem4Markets) August 23, 2024
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