News about Jerome Powell

"The U.S. economy is different this time," Fed Chair Powell says. "People financed themselves into very low-rate mortgages, and now they won't move." "The same is true of businesses" + "it may be that policy is hitting the economy not quite as strongly." www.youtube.com/watch?v=lASjtnSMsiQ

No meaningful change in the economic outlook since Powell's last comments means no meaningful change in Powell's outlook today: The key line: "We’re just going to have to see where the inflation data fall out” www.wsj.com/economy/central-banking/fed-chair-jerome-powell-maintains-wait-and-see-posture-on-inflation-and-rates-1cd35820?mod=e2twe

Powell on the April PPI: "I wouldn’t call it hot. I would call it sort of mixed." (The main readthroughs to PCE from the PPI likely offset as lower airfares and health care costs likely offset the hotter financial services subcomponent.)

Fed Chair Jerome Powell Maintains Wait-and-See Posture on Inflation and Rates www.wsj.com/economy/central-banking/fed-chair-jerome-powell-maintains-wait-and-see-posture-on-inflation-and-rates-1cd35820?st=cv7dij8ar2n9mgl