News about Powell

Asked about the level of inflation, Federal Reserve Chair Powell responds "3% cannot be in a sentence with satisfactory." What if 3% turns out to be closer to the equilibrium inflation rate for a US economy (i) going through major structural changes, several of which are…

. @BloombergTV's @FerroTV: "[#FederalReserve] Chair Powell has one gear and struggles to get out of it." #economy #markets #fed #econtwitter

Takeaways from the Powell presser: -There's a high bar right now for the Fed to cut rates, but there's an even higher bar for the Fed to resume rate hikes -He's still expecting inflation to come down, in large part because of the shelter disinflation everyone has expected

#Fed Chair #Powell: "Inflation has eased substantially over the past year while the labor market has remained strong. And that's very good news... But inflation is still too high. Further progress in bringing it down is not assured. And the path forward is uncertain" pic.twitter.com/19ib9bIekf