Powell sees an economy with 'more volatile' inflation
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Federal Reserve Chair Jerome Powell on May 7 said "the economy is doing fine" during a news conference after the Federal Open Market Committee announced it would keep its key rate steady at 4.25% ...
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At the moment, Powell said, thereâs too much uncertainty ... âThe combination of the two-sided risk assessment and the characterization of the economy as solid suggest the (Fed) is not looking to tee up a June cut at this juncture.â
Watch Powellâs remarks in our player ... âThe combination of the two-sided risk assessment and the characterization of the economy as solid suggest the Committee is not looking to tee up ...
For now, most economic data remains strong, even as Powell acknowledged that consumer ... âand then we'll be able to make a better assessment of what the appropriate path for monetary policy ...
Risks of higher unemployment and higher inflation have risen, according to the Federal Reserve. Those factors may prompt stagflation.
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Powell says inflation, supply shocks could factor into Fed's policy frameworkFederal Reserve Chair Jerome Powell discussed how the central bank's policy framework could adjust to more volatile inflation and more frequent supply shocks. (Credit: Bloomberg)