Fed Chairman Powell said the size of the September rate hike will depend entirely on the data.
US Federal Reserve (Fed) Chairman Jerome Powell delivered his speech at the Jackson Hole meeting, which the markets are eagerly waiting for. The highlights of President Powell's statements are as follows:
The extent of the rate hike in September will depend entirely on data.
Higher interest rates, slower growth, softer employment will lower inflation, but households will have some difficulty.
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Powell: Size of rate hike will depend on data
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Powell: The size of the rate increase will depend on the data 26.08.2022 - 17:13 | Last Update : 26.08.2022 - 17:20
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Powell: Size of rate hike will depend on data | Economy News
Fed Chairman Powell said the size of the September rate hike will depend entirely on the data.
US Federal Reserve (Fed) Chairman Jerome Powell delivered his speech at the Jackson Hole meeting, which the markets are eagerly waiting for. The highlights of President Powell's statements are as follows:
The extent of the rate hike in September will depend entirely on data.
Higher interest rates, slower growth, softer employment will lower inflation, but households will have some difficulty.
We pursue a restrictive policy that will bring inflation to the 2 percent target.
It will be necessary to maintain a restrictive policy stance for a while
High inflation in the US is the result of strong demand and supply problems.
US economy slowing but still strong momentum
Fed should maintain its restrictive policy stance for a while
July inflation data is pleasing, but we need to see more
History warns against risks of premature monetary policy easing