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Chairman Jerome Powell announcing the benchmark Interest Rate will remain unchanged due to inflation still remaining too high and says it is unlikely there will be a rate hike in the near future, saying the current rate is sufficiently restrictive for lower inflation to the Federal Reserves 2 goal. The briefing is 50 minutes. Chair powell good afternoon. My colleagues and i remain squarely focused on our dual mandate to promote maximum employment and stable prices for the American People. The economy has made considerable progress toward our dual mandate objectives. Inflation has eased substan...

To the Federal Reserves 2 goal. The briefing is 50 minutes. Chair powell good afternoon. My colleagues and i remain squarely focused on our dual mandate to promote maximum employment and stable prices for the American People. The economy has made considerable progress toward our dual mandate objectives. Inflation has eased substantially over the past year while the labor market has remained strong and thats very good news. But inflation is still too high, further progress in bringing it down is not assured, and the path forward is uncertain. We are fully committed to returning inflation to our...

Before the Senate Energy and Natural Resources committee watch the full hearing tonight at 8 00 oclock eastern on cspan2. Our free mobile video app or online at cspan. Org. Cspan is your unfiltered view of government. We are funded by these Television Companies and more including comcast. You think this is just a community center, no, it is way more than that. Creating wifi enabled cell so students from low income families can get the tools they need to get ready for anything. Comcast support cspan as a Public Service along with these other Television Providers giving you a front row seat to d...

Dont see a rate hike it would stand to reason you would need the rate hike to get from 2 to 3. Was there discussion about a rate hike in todays and are you satisfied with 3 inflation for the rest of the year . Well, of course we are not satisfied with 3 inflation, 3 can not be in a sentence with satisfied. We will return inflation to 2 over time. But it is overtime. We think our policy stance is appropriate to do that. So if we were to conclude that policy is not sufficiently restrictive to bring inflation to 2 then that would be what it would take for it to increase rates. We dont see that, w...

It is the last fiscal year 2023 and without an agreement government shuts down tonight. Federal workers will stop getting a paycheck. The house comes in at 10 00 a. M. Right after this program the senate, at noon. We are taking your calls on the possible Government Shutdown that is hours away. Democrats, 202 7488000. Republicans, 202 7488001. And independents, 202 7488002. We have a line set asi for federal employees, 202 7488003. You can also use that line to text us. We are on social media on facebook and x. Welcome to washington journal. I want to start with this article from capitol hill. ...