US Fed Chair Powell Speaks
Due to participate in a panel discussion titled "Global Perspectives" at an event hosted by the Federal Reserve Bank of Dallas. Audience questions expected;
As head of the central bank, which controls short term interest rates, he has the most influence over monetary policy. Traders scrutinize his public engagements as they are often used to drop subtle clues regarding future policy;
Fed Chair Feb 2018 - Feb 2026. Fed Governor May 2012 - Jan 2018. Volatility is often experienced during his speeches as traders attempt to decipher interest rate clues;
- History
Expected Impact / Date | Description |
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Sep 30, 2024 | Due to participate in a moderated discussion titled "A View from the Federal Reserve Board" at the National Association for Business Economics Annual Meeting, in Nashville. Audience questions expected; |
Sep 26, 2024 | Due to deliver pre-recorded opening remarks at the US Treasury Market Conference, in New York; |
Aug 23, 2024 | Due to speak about the economic outlook at the Jackson Hole Economic Policy Symposium, in Wyoming; |
Jul 15, 2024 | Due to speak at the Economic Club of Washington DC. Audience questions expected; |
Jul 2, 2024 | Due to participate in a panel discussion titled "Policy panel" at the ECB Forum on Central Banking, in Sintra; |
May 19, 2024 | Due to deliver a commencement speech at the Georgetown Law Commencement ceremony; |
May 14, 2024 | Due to speak at the Netherlands' Foreign Bankers' Association, in Amsterdam. Audience questions expected; |
Apr 16, 2024 | Due to participate in a fireside chat about economic trends in North America at the Wilson Center’s Washington Forum, in Washington DC; |
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- US Fed Chair Powell Speaks News
Yesterday the Chair of the US Federal Reserve went to Nashville Tennessee. Presumably not for the country music as he is a Grateful Dead fan. But he did give a speech on the subject of monetary policy. As we were reminded of the way he uses Nick Timiraos of the Wall Street Journal by the way the recent 0.5% cut was flagged before it happened let us take a look at what he is saying. Federal Reserve Chair Jerome Powell said the central bank would continue to reduce interest rates from a two-decade high to help support hiring and ...
US Macro data is on a charge higher in September, surging to its strongest since late-April... chart September markets ended on a weaker note today - after China stimulus piled on top of the super-size rate-cut sent stocks soaring in the month. European stocks ended practically unchanged on the month, US stocks up marginally and China soared... chart All the US Majors ended the month higher, led by Nasdaq 100 (with Small Caps lagging), but overall, while the rip off the early month lows is noteworthy, the month-end gains are ...
Federal Reserve chair Jerome Powell said on Monday that interest rates may fall to a level that neither restricts nor boosts the economy, though officials are not in a rush to cut rates. Why it matters: For now it looks likely that the U.S. economy could avoid a recession as inflation plunges and the labor market remains healthy. Powell signaled that lower rates could help guarantee a so-called "soft landing," but some risks remain. What he's saying: "Looking forward, if the economy evolves broadly as expected, policy will move over ...
post: POWELL: **FRAMEWORK REVIEW WILL BEGIN LATE THIS YEAR, LAYING OUT QUESTIONS TO BE ASKED **FED WILL ABSOLUTELY TAKE INTO ACCOUNT IMPORTANT DATA THAT ARRIVES DURING THE BLACKOUT PERIOD post: FED'S POWELL: BEGINNING TO SEE HOUSING SERVICES INFLATION FLATTEN OUT, BUT AT A SLUGGISH PACE || SAYS AS LONG AS INFLATION IN NEW LEASES IS LOW IT WILL EVENTUALLY SHOW UP IN HEADLINE INFLATION post: POWELL: **HAVE TO TAKE ACCOUNT OF POLICY LAGS IN RATE DECISIONS **FED IS CHANGING POLICY TO MAINTAIN STRENGTH IN THE ECONOMY, NOT BECAUSE OF WEAKNESS post: POWELL: FED DID THE RIGHT THING BY HOLDING RATES HIGH AS LONG AS IT DID, WANTED TO BE CONFIDENT INFLATION WOULD FALL post: FED'S POWELL: THE HALF-POINT CUT IN SEPTEMBER WAS A REFLECTION OF CONFIDENCE IN INFLATION'S RETURN TO 2%
post: Powell in the Q&A at NABE: The upward revisions of GDI were "quite interesting" That GDI wasn't as low as once thought "removes a downside risk to the economy" The upward revision to the savings rate does the same thing. "That suggests spending can continue at a healthy level" post: Powell: There's still an unresolved tension between consumption data, which has been good, and the employment data, which has shown a cooling trend of late. The labor market may give a better real-time picture. GDP doesn't predict downturns as well as labor data. post: Powell Says Fed Is Not In A Hurry To Cut Rates Quickly, Reiterates Data Dependence post: *POWELL: LOOKING AT RATE CUT PROCESS TO PLAY OUT OVER SOME TIME post: Fed’s Powell: If Economy Evolves As Expected, Would Mean Two More Cuts This Year For Total Of 50Bps
Fed Chair Powell speaks at National Association for Business Economics
I have some brief comments on the economy and monetary policy and look forward to our discussion. Our economy is strong overall and has made significant progress over the past two years toward achieving our dual-mandate goals of maximum employment and stable prices. Labor market conditions are solid, having cooled from their previously overheated state. Inflation has eased, and my Federal Open Market Committee colleagues and I have greater confidence that it is on a sustainable path to 2 percent. At our meeting earlier this month, we reduced the level of policy restraint by lowering the target range of the federal funds rate by 1/2 percentage point. That decision reflects our growing confidence that, with an appropriate recalibration of our policy stance, strength in the labor market can be maintained in an environment of moderate economic growth and inflation moving sustainably down to our objective. Recent Economic Data The labor market Many indicators show the labor market is solid. To mention just a few, the unemployment rate is well within the range of estimates of its natural rate. Layoffs are low. The labor force participation rate of individuals aged 25 to 54 (so-called prime age) is near its historic high, and the prime-age women's participation rate has continued to reach new all-time highs. Real wages are increasing at a solid pace, broadly in line with gains in post: *POWELL: ECONOMIC CONDITIONS SET TABLE FOR FURTHER DISINFLATION *FED'S POWELL SAYS POLICY TO MOVE TO NEUTRAL STANCE `OVER TIME' post: FED'S POWELL: RISKS ARE TWO-SIDED, DECISIONS WILL BE MEETING-BY-MEETING. post: Powell: Interest rates can move “over time” to a “more neutral stance” under a relatively favorable base-case scenario. Key quotes: “Overall, the economy is in solid shape; we intend to use our tools to keep it there.” “Looking forward, if the economy evolves broadly as…
The appetite of Federal Reserve policymakers for another large interest-rate cut in November may come into better focus in the coming week as Jerome Powell addresses economists and the government issues new employment numbers. The Fed chair will discuss the US economic outlook at a National Association for Business Economics conference on Monday. At the end of the week, the September jobs report is expected to show a healthy, yet moderating, labor market. Payrolls in the world’s largest economy are seen rising 146,000, based on the ...
Released on Sep 30, 2024 |
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