{"id":111706,"date":"2025-02-11T19:55:25","date_gmt":"2025-02-11T15:55:25","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=111706"},"modified":"2025-02-11T19:57:41","modified_gmt":"2025-02-11T15:57:41","slug":"investors-still-tune-in-as-fed-chair-testifies-before-us-lawmakers","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/investors-still-tune-in-as-fed-chair-testifies-before-us-lawmakers\/02\/11\/market-updates\/","title":{"rendered":"Investors Still Tune In as Fed Chair Testifies Before US Lawmakers"},"content":{"rendered":"\n<p>Federal Reserve Chair testified before the US Senate on Tuesday, saying, &#8220;There is no need to hurry in changing the current monetary policy stance.&#8221;<br><br><strong>Key Quotes:<br><\/strong><br>Powell stated, &#8220;The economy is strong.&#8221;<br><br>The Fed Chair affirmed that &#8220;labour market conditions are significantly improving.&#8221;<br>Powell mentioned that inflation rates are becoming closer to the central bank&#8217;s target.<br>Powell also pointed out that &#8220;the Fed is paying close attention to the risks surrounding its dual mandate,&#8221; referring to maximizing employment and stabilizing prices.<br><br>He anticipated that quarterly inflation forecasts might indicate stable rates at low levels.<br><br>Powell confirmed that the current monetary policy stance is appropriate given the risks and uncertainties.<br><br>&#8220;We may keep the monetary policy unchanged for a longer period if the economy continues to show more strength while inflation does not move in a downward direction.&#8221;<br><br>He added, &#8220;The strength of the labour market no longer poses a threat to the economy recently.&#8221;<br><br>&#8220;We avoid lowering interest rates &#8216;too much or too quickly.'&#8221;<br><br>&#8220;We may lower interest rates if labour market conditions unexpectedly deteriorate or inflation falls faster than expected.&#8221;<br><br>Powell said, &#8220;I think we should reconsider bank closures,&#8221; emphasizing that the Fed has done a lot for &#8220;Silicon Valley Bank.&#8221;<br><br>He confirmed that &#8220;the Fed continues its work concerning bank tests.&#8221;<br><br>He expressed his desire for stress tests for banks to remain as flexible as possible to help them adapt to legal changes.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Federal Reserve Chair testified before the US Senate on Tuesday, saying, &#8220;There is no need to hurry in changing the current monetary policy stance.&#8221;Key Quotes:Powell stated, &#8220;The economy is strong.&#8221;The Fed Chair affirmed that &#8220;labour market conditions are significantly improving.&#8221;Powell mentioned that inflation rates are becoming closer to the central bank&#8217;s target.Powell also pointed out &hellip;<\/p>\n","protected":false},"author":13,"featured_media":96292,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[37,36],"tags":[6885,6987,7163,7822,7580],"class_list":["post-111706","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates","tag-fed","tag-inflation","tag-jerome-powell","tag-labour-market","tag-monetary-policy"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/111706","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=111706"}],"version-history":[{"count":3,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/111706\/revisions"}],"predecessor-version":[{"id":111713,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/111706\/revisions\/111713"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/96292"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=111706"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=111706"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=111706"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}