Federal Reserve Chair Jerome Powell said on Wednesday that the US central bank must be prepared to respond if inflation does not fall in the second half of next year as most forecasters currently expect. Powell reiterated in his second day of congressional testimony that he and fellow policymakers will consider a faster wind-down of… Continue reading Fed Reserve Chair Powell Prepares for Possible Pivot If Inflation Risks Continue
Tag: Jerome Powell
Fed’s Powell Says ‘Medical Metrics’ Most Important Data for U.S. Economy Now, More Government Money Needed
The most important data for the U.S. economy right now are the “medical metrics” around the coronavirus pandemic, Federal Reserve Chairman Jerome Powell said Sunday night in broadcast remarks where he outlined the likely need for three to six more months of government financial help for firms and families. In an interview with CBS’s “60… Continue reading Fed’s Powell Says ‘Medical Metrics’ Most Important Data for U.S. Economy Now, More Government Money Needed