Powell Says Election Plays No Role in Rate-Move Timing
Fed holds rates steady citing lack of inflation progress
At the Stanford Business Government and Society Forum Stanford Graduate School of Business Stanford California. Federal Reserve Chair Jerome Powell speaks at a news conference after the end of the latest two-day meeting of the Federal Open Market Committee. WEB
Recent bump in economic data doesn't change Fed's overall view
“In recent months inflation has shown a lack of further progress toward our 2 percent.” Powell said at a news conference. “Recent bump in economic data doesn't change Fed's overall view. Tight monetary policy is weighing on economy Powell says.” Powell the Federal Reserve chair speaks after the release of the Fed's November policy statement. At the Economic Club of New York Luncheon New York New York “Before our discussion I will take a few.” WEB
Powell: The Federal Reserve chair speaks after the release of the Fed's November policy statement
“Today I will offer a progress report on the Federal Open Market Committees (FOMC) efforts to restore price stability to the US.” Powell said. “The Committee seeks to achieve maximum employment and inflation at the rate of 2 percent over the longer run.” WEB
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