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  • Powell: Economic Outlook

    From federalreserve.gov

    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 ... (full story)

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FED'S POWELL: RISKS ARE TWO-SIDED, DECISIONS WILL BE MEETING-BY-MEETING...so we know what to expect
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    Fed Chair Powell speaks at National Association for Business Economics

    From youtube.com/yahoofinance|Sep 30, 2024|1 comment

    Fed Chair Powell speaks at National Association for Business Economics

    Powell: GDI wasn't as low as once thought "removes a downside risk to the economy"

    From @NickTimiraos|Sep 30, 2024|7 comments

    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

    Powell: Fed will absolutely take into account important data that arrives during the blackout period

    From @PiQSuite|Sep 30, 2024|9 comments

    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%

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