by Amanda Pagenhardt | Sep 20, 2023 | Central Bank, Individuals, Institutions
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....
by Amanda Pagenhardt | Sep 20, 2023 | Central Bank, FOMC, Individuals, Institutions
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...
by Philip S. Chao | Aug 25, 2023 | Central Bank, Individuals, Institutions
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...
by Amanda Pagenhardt | Jul 27, 2023 | Central Bank, Individuals, Institutions
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%...
by Amanda Pagenhardt | Jul 26, 2023 | Central Bank, FOMC, Individuals, Institutions
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...
