by Philip S. Chao | Dec 13, 2023 | Central Bank, FOMC, Individuals, Institutions
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...
by Experiential Wealth | Dec 1, 2023 | Central Bank, FOMC, Individuals, Institutions
Highlights of Jerome Powell’s Fireside Chat at Spelman College JOBS: Although the pace of new job creation remains strong, it has been slowing toward a more sustainable level and unemployment rate has edged up. WAGES: Wage growth remains high but has been gradually...
by Philip S. Chao | Nov 1, 2023 | Central Bank, FOMC, Individuals, Institutions
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...
by Philip S. Chao | Nov 1, 2023 | Central Bank, FOMC, Individuals, Institutions
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...
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....