Prepared Remarks Summary https://www.federalreserve.gov/newsevents/speech/powell20250416a.htm 1) Dual mandate Focused on the dual-mandate goals given by Congress: maximum employment and stable prices. Despite heightened uncertainty and downside risks, the U.S....
The following summary represents direct quotes (with minor immaterial changes to make reading easier) from the press conference. A. Backdrop – Prepared Remarks Monetary policy actions are guided by the dual mandate to promote maximum employment and stable prices for...
Summary: Recent indicators suggest that growth of economic activity continued to expand at a solid pace. (No Change) The unemployment rate has stabilized at a low level in recent months, and labor market conditions remain solid. (No Change) Inflation remains somewhat...
The Chapultepec Conference, Bank for International Settlements Americas Office, Mexico City. February 06, 2025, Dallas Fed President Lorie K. Logan remark and comment summary https://www.dallasfed.org/news/speeches/logan/2025/lkl250206 If inflation rises, it will be a...
The following summary represents direct quotes (with minor immaterial changes to make reading easier) from the press conference. A. Backdrop Monetary policy actions are guided by the dual mandate to promote maximum employment and stable prices for the American people....
The FOMC January 28-29, 2025, meeting minutes shows the participants: The risk to maximum employment and price stability were roughly in balance The progress toward the 2% inflation goal had slowed with both upward and downward pressure going forward Looking for...
Summary: Recent indicators suggest that growth of economic activity continued to expand at a solid pace. (No Change) The unemployment rate has stabilized at a low level in recent months, and labor market conditions remain solid. (Change) Inflation remains somewhat...
https://www.federalreserve.gov/mediacenter/files/FOMCpresconf20241218.pdf The following summary represents direct quotes (with minor immaterial changes to make reading easier) from the press conference. A, Backdrop Monetary policy actions are guided by the dual...
Summary: Recent indicators suggest that growth of economic activity continued to expand at a solid pace. (No Change) Job gains have slowed and the unemployment rate has moved up but remains low. (No Change) Inflation has made progress towards the 2 percent objective...
World Affairs Council, the Federal Reserve Bank of Dallas, and the Dallas Regional Chamber of Commerce, Dallas, Texas The labor market remains in solid condition, having cooled off from the significantly overheated conditions of a couple of years ago, and is now by...
The following summary represents direct quotes (with minor immaterial changes to make reading easier) from the press conference. A. Backdrop The economy is strong overall and has made significant progress toward our goals over the past two years. Recent indicators...
Summary: Recent indicators suggest that growth of economic activity continued to expand at a solid pace. (No Change) Job gains have slowed and the unemployment rate has moved up but remains low. (No Change) Inflation has made further progress towards the 2 percent...
The following summary represents direct quotes (with minor immaterial changes to make reading easier) from the press conference. A. Backdrop The U.S. economy is in good shape. It's growing at a solid pace, inflation is coming down, the labor market is in a strong...
Summary: Recent indicators suggest that growth of economic activity continued to expand at a solid pace. (No Change) Job gains have slowed and the unemployment rate has moved up but remains low. (Change) Inflation has made further progress towards the 2 percent...
This is a summary of Chairman Jerome Powell’s August 23, 2024, speech at the annual economic symposium sponsored by the Federal Reserve Bank of Kansas City, Jackson Hole, Wyoming. CURRENT STATUS DUAL MANDATE The Federal Open Market Committee's (FOMC) objective has...
Summary: Recent indicators suggest that growth of economic activity continued to expand at a solid pace. (No Change) Job gains have moderated and the unemployment rate has moved up but remains low. (Change) Inflation has eased over the past year but remains somewhat...
SUMMARY The FOMC sees the economy is neither overheating or sharply weakening. The labor market continues to normalize. The FOMC remains data dependent and focused on the risk of cutting rates too early or too late. Some of the Committee members examined the...
Squarely focused on achieving our dual mandate goals of maximum employment and stable prices for the benefit of the American people. (affirming commitment) Inflation has eased notably over the past two years but remains above the longer-run goal of 2 percent. Total...
Summary: Recent indicators suggest that growth of economic activity continued to expand at a solid pace. (No Change) Job gains have slowed in recent months but remain strong, and the unemployment rate has remained low. (No Change) Inflation has eased over the past...
Summary Monetary policy has kept financing conditions restrictive. By dampening demand and keeping inflation expectations well anchored, this has made a major contribution to bringing inflation back down. (new) Since the Governing Council meeting in September 2023,...