Highlights of Jerome Powell's Speech at Stanford Over the past year, inflation has come down significantly, and growth in economic activity and employment was strong. Labor supply increased significantly, thanks to rising participation among 25-to-54-year-olds, as...
Central Bank
FOMC March 20, 2024, Press Conference Summary
Summary Inflation is still too high, ongoing progress in bringing it down is not assured, and the path forward is uncertain. We are fully committed to returning inflation to our 2 percent goal (commitment and credibility). Nominal wage growth has been easing, and job...
FOMC March 20, 2024, Press Release – What has changed?
Summary: Recent indicators suggest that growth of economic activity has been expanding at a solid pace. (Change) Job gains have slowed in recent months but remain strong, and the unemployment rate has remained low. (No Change) Job gains have moderated since earlier in...
ECB Press Release March 7, 2024 – What has changed?
Summary Since the last Governing Council meeting in January, inflation has declined further. In the latest ECB staff projections, inflation has been revised down, in particular for 2024 which mainly reflects a lower contribution from energy prices. Staff now project...
FOMC January 31, 2024, Press Conference Summary
Summary Inflation has eased notably over the past year but remains above the longer-run goal of 2 percent. Inflation is still too high; ongoing progress in bringing it down is not assured, and the path forward is uncertain. Longer term inflation expectations appear to...
FOMC January 31, 2024, Press Release – What has changed?
Summary: Recent indicators suggest that growth of economic activity has been expanding at a solid pace. (Change) Job gains have slowed in recent months but remain strong, and the unemployment rate has remained low. (No Change) Job gains have moderated since earlier in...
ECB Press Release January 25, 2024 – What has changed?
Summary The interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged at 4.50%, 4.75% and 4.00% respectively. (No Change) The past interest rate increases keep being...
FOMC December 13, 2023, Press Release – What has changed?
Summary: Recent indicators suggest that growth of economic activity has slowed from a strong solid pace in the third quarter. (Change) Job gains have slowed in recent months but remain strong, and the unemployment rate has remained low. (No Change) Job gains have...
FOMC December 13, 2023, Press Conference Summary
Summary Inflation has eased from its highs, and this has come without a significant increase in unemployment. That is very good news. (dual mandate commitment) But inflation is still too high, ongoing progress in bringing it down is not assured, and the path forward...
Jerome Powell’s Fireside Chat at Spelman College
Highlights of Jerome Powell’s Fireside Chat at Spelman College
FOMC November 1, 2023, Press Conference Summary
The central question for the FOMC: “have we achieved a stance of monetary policy that's sufficiently restrictive to bring inflation down to 2 percent over time, sustainably?” Summary: The stance of policy is restrictive, meaning that tight policy is putting downward...
FOMC November 1, 2023, Press Release – What has changed?
Summary: Recent indicators suggest that economic activity expanded at a strong solid pace in the third quarter. (Change) Job gains have slowed in recent months but remain strong, and the unemployment rate has remained low. (Change) Job gains have moderated since...
Summary of Powell Press Conference
Summary: o Squarely focused on dual mandate to promote maximum employment and stable prices. o Highly attentive to the risks that high inflation poses to both sides of the dual mandate, and thus strongly committed to returning inflation to the 2 percent objective....
FOMC September 20, 2023, Press Release – What has changed?
Summary: Economic activities have been expanding. (No Change) Job gains have slowed in recent months but remain strong, and the unemployment rate has remained low. (Change) Inflation remains elevated. (No Change) The U.S. banking system is sound and resilient. Tighter...
Summary of Jerome Powell’s Remarks at Economic Policy Symposium
Summary of Jerome Powell Remarks, Economic Policy Symposium, Jackson Hole, August 25, 2023 MOVING FORWARD: DETERMINATION Two percent is and will remain the inflation target. Committed to achieving and sustaining a stance of monetary policy that is sufficiently...
ECB Press Release July 27, 2023 – What has changed?
Summary Decided to raise the three key ECB interest rates by 25 basis points; accordingly, the interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will be increased to 4.25%, 4.50% and 3.75%...
FOMC July 26, 2023, Press Release – What has changed?
Summary: Economic activities have been expanding. (No Change) Job gains have been robust in recent months, and the unemployment rate has remained low. (No Change) Inflation remains elevated. (No Change) The U.S. banking system is sound and resilient. Tighter credit...
ECB Press Release June 15, 2023 – What has changed?
Summary Decided to raise the three key ECB interest rates by 25 basis points; accordingly, the interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will be increased to 4.00% and 3.50%...
FOMC June 14, 2023, Press Release – What has changed?
Summary: Economic activities continue to expand (No Change) Job gains have been robust in recent months, and the unemployment rate has remained low. (No Change) Inflation remains elevated. (No Change) The U.S. banking system is sound and resilient. Tighter credit...
ECB Press Release May 4, 2023 – What has changed?
Summary Decided to raise the three key ECB interest rates by 25 basis points; accordingly, the interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will be increased to3.75%, 4.00% and 3.25%...