US EditionFed's Powell Announces Policy Framework Tweaks for Changed Economic Landscape
9 Articles
9 Articles
Federal Reserve President Jerome Powell announced this Friday an updated operating framework for the central bank that reflects the return of higher inflationary pressures and a less short-term interest rate perspective close to zero, a wink at significant changes in the economic landscape over the past five years. By announcing the changes in a speech for the Jackson Hole economic symposium in Wyoming, Powell said that "there is a lot of contin…
By Michael S. Derby
US monetary policy and the Fed’s framework review - Caribbean News Global
At “Labor Markets in Transition: Demographics, Productivity, and Macroeconomic Policy,” an economic symposium sponsored by the Federal Reserve Bank of Kansas City, Jackson Hole, Wyoming By Chair Jerome H. Powell Over the course of this year, the US economy has shown resilience in a context of sweeping changes in economic policy. In terms of the Fed’s dual-mandate goals, the labor market remains near maximum employment, and inflation, though stil…
[Jackson Hole Kyodo News] Federal Reserve Chairman Jerome Powell said on the 22nd at an economic symposium in Wyoming (Jackson Hole Conference) that the U.S. is in a position to "proceed cautiously" with interest rate cuts. The unemployment rate is stable.
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