News about Fed chair, Jerome Powell

From “bumps on the road” to “lack of progress” and greater uncertainty: Federal Reserve Chair Powell hardens his characterization of inflation. #economy #markets

Among the things to watch for today #FederalReserve Chair Powell’s remarks, including how he characterizes recent economic developments and their consequences for monetary policy; and The release of the #IMF’s World Economic Outlook, including how/whether it extrapolates…

🚨#Fed Chair #Powell with hawkish signal 1⃣"Recent data have clearly not given us greater confidence [that #inflation will return to 2%] & instead indicate that likely to take longer than expected to achieve that confidence" 2⃣"Allow restrictive policy further time to work"

U.S HOUSE BUDGET PANEL REPUBLICANS MET WITH FED'S POWELL, DISCUSSED MONETARY POLICY AND INFLATION