The United States Federal Reserve announced on Wednesday that it has decided to maintain interest rates unchanged at a 0% to 0.25% range, pointing to positive recovery signs by the economy despite the risks and concerns due to the coronavirus pandemic. As the Federal Reserve Open Market Committee (FOMC) concluded …
Read More »Federal Reserve Could Show Clearer Signs on Tapering
The United States Federal Reserve is holding its fifth policy meeting this year and it is expected that the discussion about the future of the massive asset purchases, as well as the increasing inflationary pressures, will take center stage in discussions amongst members of the Federal Open Market Committee (FOMC). …
Read More »Fed’s Powell Tells Congress Inflation Will Soon Moderate
The United States Federal Reserve Chairman Jerome Powell assured lawmakers on Wednesday that the sharp rise in inflation this year will soon ease. In his testimony before the House of Representatives Financial Services Committee, Powell said that despite the rise in consumer prices, which he expects to remain elevated in …
Read More »What Did Jerome Powell Say in his 60 Minutes Interview?
The Chairman of the United States Federal Reserve, Jerome Powell, said that the U.S. economy is in a stage that he described as an inflection point, promising improved economic growth and job creation. “What we’re seeing now is really an economy that seems to be much at an inflection point. …
Read More »Powell: It is Going to be a Very Strong Year
Chairman of the United States Federal Reserve Jerome Powell spoke in an optimistic tone about the recovery of the U.S. economy from the impact of the Coronavirus pandemic, during his testimony before the Senate Banking Committee. Powell said that 2021 “is going to be a very, very strong year in …
Read More »FOMC Chairman Jerome Powell’s speech – Live Stream
Jerome Powell, Chairman of the Federal Reserve System, will be delivering his remarks at the virtual Jackson Hole Economic Policy Symposium at 1310 GMT on Thursday. Powell is expected to discuss the Fed’s monetary policy framework review at the conference titled “Navigating the Decade Ahead: Implications for Monetary Policy.”
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