Powell says one-time increases in prices likely to have only transient impact on inflation Powell says a transitory rise in inflation above 2% will not meet standard for raising rates Powell says economy is a long way from employment, inflation goals Powell says not time to start talking about taper yet Powell says we will want to provide as much advance notice of taper as possible Powell says when we see data that shows we are on track to achieving substantial progress, we will say that Powell says ‘strong bulk’ of FOMC is not showing a rate increase through 2023 Powell says we will have something to announce on leverage ratio in coming days
U.S. Federal Reserve Chair Jerome Powell on Thursday repeated his pledge to keep credit loose and flowing until Americans are back to work, rebutting investors who have openly doubted if he can stick to that promise once the pandemic passes and the economy surges on its own.
The U.S. economic recovery remains "uneven and far from complete" and it will be "some time" before the Federal Reserve considers changing policies it adopted to help the country back to full employment, Fed Chair Jerome Powell said on Tuesday.
The U.S. economic recovery remains "uneven and far from complete" and it will be "some time" before the Federal Reserve considers changing policies it adopted to help the country back to full employment, Fed Chair Jerome Powell said on Tuesday.