Jerome Powell, Chairman of the U.S. Federal Reserve (Fed), testifies once again on the semiannual Monetary Policy Report, this time before the House Financial Services Committee.
Key Highlights:
“No changes to my commitment; I will not resign if asked by Trump.”<\/p>\n\n\n\n
” The Fed’s previous policy framework did not limit our response to inflation.”<\/p>\n\n\n\n
“Fed makes its decisions based on what’s happening in the economy.”<\/p>\n\n\n\n
“We have ways to go on shrinking the balance sheet.”<\/p>\n\n\n\n
<\/p>\n\n\n\n
“We want to keep policy restrictive for now.”<\/p>\n\n\n\n
<\/p>\n\n\n\n
“We are close but not there on inflation”.<\/p>\n\n\n\n
<\/p>\n\n\n\n
“It is possible that the Fed would have to move the policy rate on tariffs
<\/p>\n\n\n\n
<\/p>\n","protected":false},"excerpt":{"rendered":"
Jerome Powell, Chairman of the U.S. Federal Reserve (Fed), testifies once again on the semiannual Monetary Policy Report, this time before the House Financial Services Committee.Key Highlights:“No changes to my commitment; I will not resign if asked by Trump.” ” The Fed’s previous policy framework did not limit our response to inflation.” “Fed makes its …<\/p>\n","protected":false},"author":13,"featured_media":77037,"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":[],"class_list":["post-111750","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/111750","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=111750"}],"version-history":[{"count":4,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/111750\/revisions"}],"predecessor-version":[{"id":111759,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/111750\/revisions\/111759"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/77037"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=111750"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=111750"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=111750"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}