by Philip S. Chao | Jun 6, 2024 | Central Bank, Individuals, Institutions
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,...
by Philip S. Chao | May 1, 2024 | Central Bank, FOMC, Individuals, Institutions
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...
by Philip S. Chao | May 1, 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). Our restrictive stance of monetary policy has...
by Philip S. Chao | 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...