Federal Reserve (Fed) Chairman Jerome Powell and European Central Bank (ECB) President Christine Lagarde discuss monetary policy outlook at the ECB Forum on Central Banking in Sintra.
Fed eral Reserve Chairman Jerome Powell and European Central Bank President Christine Lagarde discuss monetary policy outlook at the ECB Forum on Central Banking in Sintra. Key quotes from Powell Services inflation is usually stickier. Wage increases are moving back down towards more sustainable levels. Wage increases are still above where they will wind up in equilibrium. The labor market is cooling off. Inflation may get back to 2% late next year or the following year.
How often does the Fed hold monetary policy meetings? The Federal Reserve holds eight policy meetings a year, where the Federal Open Market Committee assesses economic conditions and makes monetary policy decisions. The FOMC is attended by twelve Fed officials – the seven members of the Board of Governors, the president of the Federal Reserve Bank of New York, and four of the remaining eleven regional Reserve Bank presidents, who serve one-year terms on a rotating basis.
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