Fed Chair Jerome Powell focused on soft landing, says inflation fight isn’t over
Federal Reserve Chairman Jerome Powell said on Wednesday he is not yet ready to declare that inflation has been conquered but believes the U.S. remains on a path to continued price stability and low unemployment. Powell and other Fed officials have said they won’t cut interest rates until they have more confidence that inflation, which […]
Era of near-zero interest rates likely over: Powell
Federal Reserve Chairman Jerome Powell said on Wednesday that the era of ultra-low interest rates that lasted from the 2008 financial crisis through the pandemic is likely over, and that the neutral interest rate for achieving 2% annual inflation has probably risen. Testifying before the House Financial Services Committee, Powell said the central bank’s interest […]
Euro Edges Up As Key US, German Inflation Numbers Approach. Powell On Tap Again – DailyFX
Euro (EUR/USD) Analysis and Chart EUR/USD Recover some of your previous losses Fed Chairman Powell’s comments lent some support to the dollar Trade likely to be weak in U.S. markets on Thursday inflation Numbers Our Q3 EUR technical and fundamental forecasts are available to download for free. Recommended by David Cottle Get your free EUR […]
Dollar firms on Powell caution; kiwi eases after dovish cenbank – Yahoo Finance
Kevin Backlund TOKYO (Reuters) – The dollar rebounded from a three-week low on Tuesday after Federal Reserve Chairman Jerome Powell sounded cautious about when the U.S. might cut interest rates, helping to push the dollar higher. The New Zealand dollar weakened after the central bank expressed confidence that inflation will return to its target range […]
Powell: Job market has 'cooled considerably'
Federal Reserve Chairman Jerome Powell said Tuesday that the job market has “cooled significantly” over the past two years. “The latest labor market data send a pretty clear signal that labor market conditions are much weaker than they were two years ago,” Powell said at a Senate Banking Committee hearing. “This is no longer an […]
Fed’s Powell says more ‘good’ inflation data would bolster case for rate cuts
Strategas’ Jason Trenerth says it’s hard not to get involved in the stock market on “Maria Bartiromo’s Wall Street.” Chairman of the Federal Reserve System Jerome Powell He said Tuesday that policymakers were encouraged by recent data suggesting inflation was receding, and continued progress would strengthen the case for cutting interest rates. “The data for […]