News about Jay Powell

#Fed Chair says that after starting #2024 with 3 months of faster-than-expected hikes, it "will take longer than previously expected" for policymakers to become comfortable that inflation will resume the decline towards 2% Read more here 📖 www.zeebiz.com/economy-infra/world-economy/news-fed-leaves-rates-unchanged-flags-lack-of-further-progress-on-inflation-287662 #FOMC…

“If they just don’t make further progress on inflation, it will be right at some point to say, ‘We don’t know what direction rates are going to go.’” The Fed is "still a ways from that,” said Bill English, a former senior Fed adviser www.wsj.com/economy/central-banking/fed-chair-jerome-powell-projects-optimism-but-inflation-data-are-in-the-drivers-seat-2e729027?mod=hp_lead_pos2

Posted earlier: As a follow-up to yesterday's #FederalReserve press conference, here are some thoughts on why Chair Powell's surprisingly dovish tone and content may end up being appropriate...though not for the reasons he put forward. www.ft.com/content/aa8c68f7-9dad-465f-ab92-c64c38337a84 #economy…

From @CNBC, the day after the #FederalReserve's policy announcement and the Chair's press conference. So much for the effectiveness of the Fed's forward policy guidance. While the concept of forward policy guidance is sound, the way it has been implemented in recent years has… pic.twitter.com/8C1wVHYWEJ