News about Jerome Powell

Powell asked about long-run rate estimate moving up to 2.75%; replied that neutral rate is a “theoretical concept, not something specific” and that “it doesn’t really get you where you need to be” in terms of whether current rate stance is appropriate

Powell: “If the economy remains solid and inflation persists we’re prepared to maintain the current target rate”

Fed Chair Jay Powell’s approach to cutting interest rates based on forecasts that inflation will continue moving lower could be summed up by the phrase “Trust, but verify.” He used the word “confident” or “confidence” 20 times at a press conference www.wsj.com/economy/central-banking/stung-by-past-mistakes-a-wary-fed-takes-its-time-e361a364?st=57v57wvnlafntfi

US Fed Meeting LIVE Updates: Check FOMC outcome, rate cut decision and Jerome Powell's speech updates www.etnownews.com/economy/us-fed-meeting-live-updates-check-fomc-outcome-rate-cut-decision-and-jerome-powells-speech-updates-liveblog-110945253