Instant Reaction: Jay Powell on Fed Policy
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Powell: As inflation has come down to below 3%, the Fed's employment goal comes back into focus
FED'S POWELL: AS INFLATION HAS COME DOWN TO BELOW 3%, THE FED'S EMPLOYMENT GOAL COMES BACK INTO FOCUS. FED'S POWELL: I DON'T KNOW IF INFLATION WILL FALL ENOUGH, OR WON'T FALL ENOUGH, TO MERIT RATE CUTS. POWELL: DON'T REALLY UNDERSTAND WHERE TALK OF STAGFLATION SCENARIO IS COMING FROM GIVEN U.S. DATA FED'S POWELL: WE SAW A YEAR OF VERY HIGH PRODUCTIVITY GROWTH IN 2023. FED'S POWELL: WE COULD HAVE A
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Powell Says A Fed Hike Is 'Unlikely' But Wait For Cuts Will Take Longer
The Fed chair does not see a rate hike coming but he acknowledged that recent setbacks on inflation mean the current rate policy will last for longer than anticipated. | Economy
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Fed Chair Powell details two potential economic paths that could lead to rate cuts
Federal Reserve Chair Jerome Powell takes questions from reporters after announcing the central bank will leave interest rates unchanged.