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...
FOMC
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...
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...
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...
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...
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...
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...
FOMC May 3, 2023, Press Release – What has changed?
Summary: 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 conditions for households and businesses are likely and...
FOMC, March 22, 2023, Press Release – What has changed?
Summary: Job gains have picked up in recent months, and the unemployment rate has remained low. (Change) Inflation remains elevated. (no Change) The U.S. banking system is sound and resilient. Recent developments are likely to result in tighter credit conditions for...
FOMC, February 2, 2023, Press Release – What has changed?
Summary: Modest growth in spending and production. (change) Job gains have been robust in recent months, and the unemployment rate has remained low. (No Change) Inflation remains has eased somewhat but remains elevated. (Change) Russia’s war against Ukraine is causing...
FOMC, December 14, 2022, Press Release – What has changed?
Summary: Modest growth in spending and production have softened. (No change) Job gains have been robust in recent months, and the unemployment rate has remained low. (No Change) Inflation remains elevated, reflecting supply and demand imbalances related to the...
FOMC, November 2, 2022, Press Release – What has changed?
Summary: Modest growth in spending and production have softened. (No change) Job gains have been robust in recent months, and the unemployment rate has remained low. (No Change) Inflation remains elevated, reflecting supply and demand imbalances related to the...
FOMC, September 21, 2022, Press Release – What has changed?
Summary: Modest growth in spending and production have softened. (Change) Job gains have been robust in recent months, and the unemployment rate has remained low (No Change) Inflation remains elevated, reflecting supply and demand imbalances related to the...
FOMC, July 27, 2022, Press Release – What has changed?
Summary: Spending and production have softened. (Change) Job gains have been robust in recent months, and the unemployment rate has remained low (No Change) Inflation remains elevated, reflecting supply and demand imbalances related to the pandemic, higher food...