Fed, Powell
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Federal Reserve Chair Jerome Powell is cautioning that the U.S. could face an increase in supply shocks. The comes a week after the central bank announced it would hold interest rates steady amid a period of economic uncertainty.
Every five years the Federal Reserve reconsiders its framework for monetary policy. This time it will have to consider lessons from the pandemic and an uncertain future.
As President Trump’s Middle East trip continues, investors are refocusing on the basics with Walmart earnings, producer inflation, remarks from Federal Reserve chairman Jerome Powell and a blockbuster retail merger.
Federal Reserve Chairman Jerome Powell said Thursday that the US may be entering a period of more frequent supply shocks and volatile inflation, warranting more transparent communication practices from the central bank.
Jerome Powell said the Federal Reserve can wait to see which effect from Trump's tariffs is worse - high inflation or a weak economy.
Former Fed president Bill Dudley warned that the central bank risks mistiming interest rate cuts if the economy stumbles into a recession.
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Powell said Thursday that longer-term interest rates are likely to be higher as the economy changes and policy is in flux.
El presidente de la Reserva Federal, Jerome Powell, dijo que los responsables políticos están evaluando cambios en partes clave del marco que guía sus decisiones de política monetaria, incluyendo cómo consideran los déficits en el empleo en Estados Unidos y cómo abordan su objetivo de inflación.