Fed Chair Powell: Reiterates expectations that at the coming meeting will begin balance sheet reduction By Frank_Macro Fed Inflation InterestRate
reiterated on Monday his expectations that at the upcoming Fed meeting, the central bank will begin the process of balance sheet reduction, a process to last three years. Monetary quantities are not an important part of the inflation story at this time, Powell noted, saying that having a strong labour market is important and a big focus. The current labour market is much tighter and hotter than before the pandemic, Powell added.
"But want to be very careful to get monetary policy where it needs to be and not comfortable with looking through the shock.""We may well reach the conclusion that we need to move more quickly.""It's not necessarily for monetary policy to do 100% of the work against inflation."Information on these pages contains forward-looking statements that involve risks and uncertainties.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Fed Chair Powell: I don't see an elevated likelihood of a recession in the next yearFed Chair Jerome Powell remarked in a speech on Monday that he doesn't see an elevated likelihood of a recession in the next year, reported Reuters. A
Read more »
Powell Says Fed Will Consider More-Aggressive Interest-Rate Increases to Reduce InflationFederal Reserve Chairman Jerome Powell said the central bank is prepared to raise interest rates in half-percentage-point steps and high enough to deliberately slow the economy if it concludes such steps are warranted to bring inflation down
Read more »
Fed will raise interest rates more aggressively if needed, Powell saysThe U.S. central bank must move 'expeditiously' to bring too-high inflation to heel, Federal Reserve Chair Jerome Powell said on Monday, adding that it could use bigger-than-usual interest rate hikes if needed to do so.
Read more »
Fed Chair Powell: There is an obvious need to move expeditiously to a more neutral level, higher if neededFed Chair Powell: There is an obvious need to move expeditiously to a more neutral level, higher if needed By Frank_Macro Fed InterestRate Inflation
Read more »
Credit Suisse Vice Chair Schwan to leave board of directorsCredit Suisse said on Monday Vice Chair Severin Schwan would not stand for re-election to its board of directors, adding the board has nominated Christian Gellerstad as his successor.
Read more »
Church Destroyed by Eastland Complex Wildfire Holds Lawn Chair Sunday ServiceUnder the shadow of the scorched Second Baptist Church, something beautiful has bloomed.
Read more »