News about Jerome Powell

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

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…

#Fed's Powell: Very pleased we haven't seen pain originally projected. pic.twitter.com/kjIerbrAYR

Fed's Powell says don't really understand where talk of stagflation scenario is coming from given US data: “I don’t see the stag or the flation.” pic.twitter.com/hH1huPpfnc