Jerome Powell

Reserve

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) 
<ul> 
 <li>The economy is not sending signals that the Fed should be in a hurry to cut interest rates.</li> 
 <li>Policy will gradually adjust to a neutral level, but the policy path is not predetermined.</li> 
 <li>Inflation is expected to continue to fall towards the 2% target, but there may be a “fluctuating” course during this process.</li> 
 <li>The Fed is determined to complete its mission of controlling inflation.</li> 
 <li>A strong economy allows the Fed to make prudent decisions.</li> 
 <li>The labor market is robust and inflation is moving toward a sustainable 2% path.</li> 
 <li>The US economy has performed very well recently.</li> 
 <li>The labor market has cooled enough that it no longer creates significant inflationary pressure.</li> 
 <li>The Fed will be watching inflation data closely as it compares to its forecasts.</li> 
 <li>We do not take into account the interests of any political party when making decisions.</li> 
 <li>The Fed's independence means that its monetary policy decisions cannot be reversed or reviewed (by the U.S. government or Congress).</li> 
 <li>Political factors may become a disturbing factor.</li> 
 <li>The Fed has a responsibility to explain our policies to the public and Congress.</li> 
 <li>The credibility of the FED is critical to our work.</li> 
 <li>It is too early to assess the impact of Trump's policies.</li> 
 <li>We have time to assess the net impact of policy changes before responding to them.</li> 
 <li>Analysis will be done before this (policy change) and we will be cautious about policy adjustments until we have more certainty.</li> 
 <li>The US debt situation is unsustainable and needs to be resolved quickly. The bond market is doing well.</li> 
 <li>In the event of financial instability, the Fed can use its emergency tools.</li> 
 <li>Changes in government policies generally do not have an immediate impact on the Fed's ability to achieve its goals.</li> 
 <li>We reserve judgment on the impact of the new policy for now. It is important to wait and see how the actual situation develops.</li> 
 <li>The policy is restrictive.</li> 
 <li>It is not possible to determine the extent to which current policies are restrictive.</li> 
 <li>We have begun the process of reducing interest rates and are moving towards a neutral interest rate. We must be patient and cautious in finding the neutral interest rate.</li> 
 <li>It is necessary to proceed with caution.</li> 
 <li>As we move closer to a reasonable range for the neutral interest rate, we may need to slow our current pace of action.</li> 
 <li>If the data allows us to slow down, it would be a wise choice.</li> 
 <li>The PPI data released today showed a slight upward fluctuation.</li> 
 <li>However, we still believe that we are on the right track in terms of inflation.</li> 
 <li>We must be mindful of risks and avoid moving too quickly or excessively.</li> 
 <li>However, we should not forget that the risk we may face is that our actions are not enough.</li> 
 <li>Our policy is well positioned. We have room to lower interest rates if necessary.</li> 
 <li>We must be cautious about lowering interest rates.</li> 
 <li>I will definitely complete my term as FED Chair.</li> 
</ul> 
The comments come a week after policymakers decided to cut the key interest rate by another quarter point, or 25 basis points. That followed a half-point cut in September, leaving the federal funds rate in the 4.5%-4.75% range. 
*This is not investment advice. 
 Continue Reading: <a href="https://en.bitcoinsistemi.com/breaking-fed-chairman-jerome-powell-is-making-a-speech-here-is-his-live-presentation/">BREAKING: FED Chairman Jerome Powell is Making a Speech – Here is His LIVE Presentation</a>

BREAKING: FED Chairman Jerome Powell is Making a Speech – Here is His LIVE Presentation

Bitcoin Sistemi EN

Other articles published on Nov 14, 2024

Ethereum Time Machine: A New Era for Smart Contracts and Future-Based Transactions

FBI Raids Polymarket CEO's House; Seizes Phone, Electronics

Trump Not Sole Driver of Bitcoin Price

Crypto.com Acquires Fintech, Bolsters Australian Presence

U.S. DOJ Investigating Polymarket for Alleged U.S. Citizen User Activity

Committed to Transparency: 15 Team Wallets, 800M Locked Tokens Until 2027

Join our free newsletter for daily crypto updates!