Federal Reserve Chair Jerome Powell emphasized on Friday that employment and inflation remain core data points guiding monetary policy, with the labor market presenting particular complexity.He reiterated that while the public often focuses on the Consumer Price Index (CPI), the Federal Reserve...
Federal Reserve Chair Jerome Powell said on Friday that the full impact of the new US tariffs introduced on April 2 will take time to become clear. He repeatedly emphasized that the scale of the measures was larger than initially expected and that their effects on prices, supply chains, and consumer...
Federal Reserve Chair Jerome Powell on Friday reflected on the economic upheaval triggered by COVID-19 and how today’s challenges, while reminiscent of that crisis, are unfolding under very different circumstances.Speaking about the impact of "Liberation Day," a reference to a new policy...
Federal Reserve Chair Jerome Powell said on Friday that the latest data, including the nonfarm payrolls report, show the United States economy is "solid" and that unemployment remains low. He noted high uncertainty but said the Fed will not estimate the probability of recession.Powell declined to...
Federal Reserve Chair Jerome Powell said the economic impact of the Trump administration's tariffs is likely to be more severe than previously expected. "Too soon" to change course, he added, as the Fed continues to monitor data and risks.In a speech in Virginia, he said that tariff increases...
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