Jerome H. Powell, chair of the Board of Governors of the Federal Reserve System, testifies at 10 a.m. ET on March 7 to the U.S. Senate Committee on Banking, Housing, and Urban Affairs on “The Semiannual Monetary Policy Report to the Congress.” …
Federal Reserve Chair Jerome Powell Testifies to Senate Banking Committee
Fed Chair Powell Says ‘Long Way to Go’ in Inflation Fight, Calls US Debt ‘Unsustainable’
The United States is watching disinflation travel through the national economy, but “it has a long way to go” before price stability is achieved, says Federal Reserve Chair Jerome Powell. Speaking at the Economic Club of Washington on Tuesday, the Fed chair acknowledged that the country is in the “very early stages of disinflation.” However,…
Fed Chair Powell Speaks to Economic Club of Washington D.C.
Federal Reserve Bank Chairman Jerome Powell speaks at the Economic Club of Washington D.C. at 11:45 a.m. ET on Feb. 7. The Economic Club of Washington D.C. presents the event with courtesy. The Epoch Times will livestream the event. …
Dove or Hawk? Fed Chair Jerome Powell Bracing America for ‘Ongoing’ Rate Hikes
The Federal Reserve raised interest rates by 25 basis points, lifting the target rate to a more than 15-year-high of 4.50–4.75 percent. While investors had anticipated a quarter-point jump to the benchmark federal funds rate, financial markets had added to their losses when the Federal Open Market Committee (FOMC) statement revealed “ongoing” rate hikes and…
LIVE NOW: Federal Reserve Chairman Jerome Powell Speaks After Policy Meeting
U.S. Federal Reserve Chairman Jerome Powell holds a news conference at 2:30 p.m. ET on Feb. 1. He is expected to announce that the Federal Reserve will speed up the end of its pandemic-era bond purchases and signal a turn to interest rate increases next year as a guard against surging inflation. The Epoch Times…
Federal Reserve Chairman Jerome Powell Speaks After Policy Meeting
U.S. Federal Reserve Chairman Jerome Powell holds a news conference at 2:30 p.m. ET on Feb. 1. He is expected to announce that the Federal Reserve will speed up the end of its pandemic-era bond purchases and signal a turn to interest rate increases next year as a guard against surging inflation. The Epoch Times…
The Fed’s Jay Powell Is Trying to Have It Both Ways on Climate Change
Commentary Fed-speak, Alan Greenspan once explained, was about practicing the art of constructive ambiguity. Testifying to Congress as Fed chairman, Greenspan would resolve a sentence in a deliberately obscure way that made it incomprehensible, “but nobody was quite sure I wasn’t saying something profound when I wasn’t.” Speaking on Tuesday at a symposium on central bank independence…
Chair Jerome Powell Stresses Fed Independence, Defers Climate Policymaking
Federal Reserve Chair Jerome Powell emphasized the need for central bank independence while the institution grapples with elevated inflation. During a speech at Sweden’s Riksbank on Tuesday, the head of the U.S. central bank stated that resuscitating price stability requires employing difficult measures that may not be politically popular. “Price stability is the bedrock of…
LIVE NOW: Fed Chair Jerome Powell Speaks After Policy Meeting
Federal Reserve Chair Jay Powell holds a news conference to conclude its last policy meeting of the year on Wednesday, Dec. 14, at 1:15 p.m. ET. He will be commenting on a drop in inflation, a slowed pace of rising interest rates, and a spending tightening policy. The Epoch Times will livestream the event starting…
Fed Chair Offers Guidance
Commentary Federal Reserve (Fed) Chairman Jerome Powell spoke frankly on Nov. 30. His thoughtful and balanced talk made clear that the Fed sees the inflation fight as its priority. He explained the uncertain timing between Fed action and its impact on inflation but made clear that further interest rate increases are integral to the effort. Unlike…
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