Powell Signals Cautious Approach to US Interest Rates and Inflation Risks
TL;DR Summary
Federal Reserve Chair Powell discussed the U.S. economy's resilience amid recent challenges, noting moderated growth, a softening labor market, and elevated but manageable inflation, with the Fed adjusting its policy stance to balance risks to employment and inflation, emphasizing data-driven decisions to support maximum employment and 2% inflation.
- Speech by Chair Powell on the economic outlook Federal Reserve Board (.gov)
- Fed can’t ignore the risk of higher inflation, Powell says CNN
- Federal Reserve’s Jay Powell signals further US interest rate cuts are not guaranteed Financial Times
- Powell Describes Rates as ‘Modestly Restrictive,’ Keeping Door Open to Cuts The Wall Street Journal
- Three Questions Federal Reserve Bank of Minneapolis
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