by Amanda Pagenhardt | Apr 3, 2024 | Central Bank, FOMC, Individuals, Institutions
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,...
by Philip S. Chao | Mar 20, 2024 | Central Bank, FOMC, Individuals, Institutions
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...
by Philip S. Chao | Mar 20, 2024 | Central Bank, FOMC, Individuals, Institutions
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...
by Philip S. Chao | Mar 7, 2024 | Central Bank, Individuals, Institutions
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...
by Philip S. Chao | Jan 31, 2024 | Central Bank, FOMC, Individuals, Institutions
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...