The post BREAKING: FED Chairman Jerome Powell is Making a Speech – Here is His LIVE Presentation appeared on BitcoinEthereumNews.com.

Federal Reserve Chairman Jerome Powell delivers a speech on monetary policy to business leaders in the Dallas-Fort Worth area. Powell’s speech will be followed by a question-and-answer session. Here are the most important sections from Powell’s speech: (New additions will be made as the conversation continues, you can access the most up-to-date information by refreshing the page) The economy is not sending signals that the Fed should be in a hurry to cut interest rates. Policy will gradually adjust to a neutral level, but the policy path is not predetermined. Inflation is expected to continue to fall towards the 2% target, but there may be a “fluctuating” course during this process. The Fed is determined to complete its mission of controlling inflation. A strong economy allows the Fed to make prudent decisions. The labor market is robust and inflation is moving toward a sustainable 2% path. The US economy has performed very well recently. The labor market has cooled enough that it no longer creates significant inflationary pressure. The Fed will be watching inflation data closely as it compares to its forecasts. We do not take into account the interests of any political party when making decisions. The Fed’s independence means that its monetary policy decisions cannot be reversed or reviewed (by the U.S. government or Congress). Political factors may become a disturbing factor. The Fed has a responsibility to explain our policies to the public and Congress. The credibility of the FED is critical to our work. It is too early to assess the impact of Trump’s policies. We have time to assess the net impact of policy changes before responding to them. Analysis will be done before this (policy change) and we will be cautious about policy adjustments until we have more certainty. The US debt situation is…

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Filed under: News - @ November 15, 2024 6:09 am