Speech by Chair Powell on the economic outlook - Federal …

2 days ago · Economic Outlook. Good afternoon. Thank you to the World Affairs Council, the Federal Reserve Bank of Dallas, and the Dallas Regional Chamber for the kind invitation to be with you today. I will start with some brief comments on the economy and monetary policy. …

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Fed's Powell: US Economy Solid, Gradual Interest Rate Cuts Coming

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Sep 30, 2024 · At their last meeting Sept. 18, Fed officials reduced their rate to 4.8%, from a two-decade high of 5.3%, and penciled in two more quarter-point rate cuts in November and …

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Powell Says No Need For Fed To Rush Rate Cuts Given Strong Economy

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2 days ago · DALLAS, Nov 14 (Reuters) - Ongoing economic growth, a solid job market, and inflation that remains above the 2% target means the U.S. central bank does not need to rush …

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Fed Chair Powell Says The US Economy Is In 'solid Shape' With …

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Sep 30, 2024 · Fed officials have pegged the so-called “neutral rate” at about 3%, significantly below its current level. Powell emphasized that the Fed's current goal is to support a largely …

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Fed Chair Powell Says The US Economy Is In ‘solid Shape’ With …

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Sep 30, 2024 · At their last meeting Sept. 18, Fed officials reduced their rate to 4.8%, from a two-decade high of 5.3%, and penciled in two more quarter-point rate cuts in November and …

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Fed Chair Powell Says The US Economy Is In 'solid Shape' With …

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Fed Chair Powell Says The US Economy Is In 'Solid Shape' With …

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Oct 1, 2024 · At their last meeting Sept. 18, Fed officials reduced their rate to 4.8%, from a two-decade high of 5.3%, and penciled in two more quarter-point rate cuts in November and …

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Strong Economy Leaves Fed In No Hurry To Cut Interest Rates

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1 day ago · Inflation peaked at 9.1% in June 2022 before slowly making its way back down closer to the Fed's target range of 2%. The Fed doesn't directly set interest rates, but when it …

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FAQs about Speech by Chair Powell on the economic outlook - Federal … Coupon?

Will the Fed cut its interest rate slowly?

Chair Jerome Powell says the Federal Reserve will likely cut its key interest rate slowly and deliberately in the coming months, in part because inflation has shown signs of persistence and the Fed’s officials want to see where it heads next. ...

Why did the Federal Reserve cut interest rates?

LM Otero/Associated Press Jerome H. Powell, the chair of the Federal Reserve, said that a solid economy with low unemployment, robust consumer spending and strengthening business investment gave the central bank room to take its time in cutting interest rates. ...

Why did Powell say more rate cuts are underway?

Powell said more rate cuts are likely underway because the economy’s current trends and dynamics are expected to remain in place, at least in the short run. That includes a slowing job market and cooling inflation, facilitated by rates that are still at restrictively high levels. ...

Why does Powell think the Fed is important?

Under questioning, Powell also explained why he considers the Fed’s role as an independent federal agency to be crucial to its ability to fight inflation. During his first term, Trump threatened to try to fire Powell for not cutting interest rates. ...

Does the US Central Bank need to lower interest rates?

DALLAS, Nov 14 (Reuters) - Ongoing economic growth, a solid job market, and inflation that remains above the 2% target means the U.S. central bank does not need to rush to lower interest rates and can deliberate carefully, Federal Reserve Chair Jerome Powell said on Thursday. ...

What did Powell say about inflation?

Mr. Powell made it clear that Fed officials expected to see limited progress on inflation in the next few months. “Core measures of goods and services inflation, excluding housing, fell rapidly over the past two years and have returned to rates closer to those consistent with our goals,” he said. ...