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Powell: Semiannual Monetary Policy Report to the Congress
Chairman Hill, Ranking Member Waters, and other members of the Committee, I appreciate the opportunity to present the Federal Reserve's semiannual Monetary Policy Report. The Federal Reserve remains squarely focused on achieving our dual-mandate goals of maximum employment and stable prices for the benefit of the American people. Despite elevated uncertainty, the economy is in a solid position. The unemployment rate remains low, and the labor market is at or near maximum employment. Inflation has come down a great deal but has been running somewhat above our 2 percent longer-run objective. We are attentive to the ... (full story)
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Powell emphasizes Fed’s obligation to prevent ‘ongoing inflation problem’ despite Trump criticism
Federal Reserve Chair Jerome Powell on Tuesday emphasized the central bank’s commitment to keeping inflation in check, saying he expects policymakers to stay on hold until they have a better handle on the impact tariffs will have on prices. In remarks to be delivered to two congressional committees this week, Powell characterized economic growth as strong and the labor market to be around full employment. However, he noted that inflation is still above the Fed’s 2% target, with the impact that President Donald Trump’s tariffs will have still unclear. “Policy changes continue to evolve, and their effects on ... (full story)
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From bea.gov|Jun 24, 2025|1 commentThe U.S. current-account deficit, which reflects the combined balances on trade in goods and services and income flows between U.S. residents and residents of other countries, ...
From statcan.gc.ca|Jun 24, 2025The Consumer Price Index (CPI) rose 1.7% on a year-over-year basis in May, matching the 1.7% increase in April. Compared with one year earlier, a smaller price increase for rent ...
From finance.yahoo.com|Jun 24, 2025|2 commentsThe custodians of trillions of dollars of global central bank reserves are eyeing a move away from the greenback into gold, the euro and China's yuan as the splintering of world ...
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From fxstreet.com|Jun 24, 2025Gold price (XAU/USD) plummets to near $3,320 during the European trading session on Tuesday. The yellow metal faces a sharp selling pressure as safe-haven assets are ...
From spglobal.com|Jun 24, 2025The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, covering all nine U.S. census divisions, reported a 2.7% annual return for April, down from a 3.4% annual gain ...
From @realDonaldTrump|Jun 24, 2025|4 comments
China can now continue to purchase Oil from Iran. Hopefully, they will be purchasing plenty from the U.S., also. It was my Great Honor to make this happen! Heading to NATO where, at worst, it will be a much calmer period than what I just went through with Israel and Iran. I look forward to seeing all of my very good European friends, and others. Hopefully, much will be accomplished!
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- Jun 24, 2025 7:33am Posted by
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