FOMC Chairman Jerome Powell is testifying before the Senate Banking, Housing, & Urban Affairs Committee on “The Semiannual Monetary Policy Report to Congress.”<\/p>\n\n\n\n
<\/p>\n\n\n\n
“It’s really only at the very short end that real rates are negative.”<\/p>“Price inflation is a macroeconomic question.”<\/p>
“Our tools can’t impact energy and food inflation.”<\/p>
“Focused on part of inflation we can address.”<\/p>
“We can reduce demand.”<\/p>
“We don’t think we’ve seen the full effect of lockdowns in China yet.”<\/p>
“Important to explore how we can harden up and improve global supply chains.”<\/p>
“We are trying to lower demand growth.”<\/p>
“Congress can help increase supply over medium term, but probably not over short term.”<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"
FOMC Chairman Jerome Powell is testifying before the Senate Banking, Housing, & Urban Affairs Committee on “The Semiannual Monetary Policy Report to Congress.” “It’s really only at the very short end that real rates are negative.”“Price inflation is a macroeconomic question.”“Our tools can’t impact energy and food inflation.”“Focused on part of inflation we can address.”“We …<\/p>\n","protected":false},"author":9,"featured_media":32924,"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":[8672,6885,8322,7580,8496],"class_list":["post-67510","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates","tag-barkin","tag-fed","tag-fomc-meeting","tag-monetary-policy","tag-tightening-monetary-policy"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/67510","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\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=67510"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/67510\/revisions"}],"predecessor-version":[{"id":67511,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/67510\/revisions\/67511"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/32924"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=67510"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=67510"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=67510"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}