- Analytics
- News and Tools
- Market News
- Powell speech: Will not wait to see progress on supply side
Powell speech: Will not wait to see progress on supply side
FOMC Chairman Jerome Powell is testifying before the Senate Banking, Housing, & Urban Affairs Committee on "The Semiannual Monetary Policy Report to Congress."
Key takeaways
"I have a lot of humility about trying to predict the economy in the next three years."
"Still, there is a path to getting inflation down to 2% with less troubling effects."
"Our goal is to bring inflation down without causing a recession."
"This could be an unusual situation with the possibility of a sharp decline in prices."
"Ultimately, we need to see progress on the supply-side but we're not waiting for it."
"Our job is to get demand down to a more sustainable level so supply can catch up."
"Banking system is very strong."
"Markets have been functioning reasonably well."
Market reaction
The US Dollar Index was last seen losing 0.45% on the day at 103.95.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
