Jerome Powell Live | Federal Reserve Chair Jerome Powell Speech Live | Jerome Powell Speech Today

preview_player
Показать описание
Jerome Powell Live | Federal Reserve Chair Jerome Powell Speech Live | Jerome Powell Speech Today | N18G

JACKSON HOLE, Wyoming, Aug 23 (Reuters) - Federal Reserve Chair Jerome Powell said on Friday "the time has come" for the U.S. central bank to cut interest rates as rising risks to the job market left no room for further weakness and inflation was in reach of the Fed's 2% target, offering an explicit endorsement of an imminent policy easing.
"The upside risks to inflation have diminished. And the downside risks to employment have increased," Powell said in a highly anticipated speech to the Kansas City Fed's annual economic conference in Jackson Hole, Wyoming. "The time has come for policy to adjust. The direction of travel is clear, and the timing and pace of rate cuts will depend on incoming data, the evolving outlook, and the balance of risks."
Referencing the two goals that the Fed is tasked by Congress to achieve, Powell said his "confidence has grown that inflation is on a sustainable path back to 2%," after rising to about 7% during the COVID-19 pandemic, while unemployment is increasing.
While Powell said the jump of nearly a percentage point in the unemployment rate over the past year was due largely to rising labor supply and slowed hiring, not increased layoffs, he also was emphatic that the Fed wanted to prevent any further erosion - his prior talk of labor market "pain" as necessary to control inflation now a thing of the past.

#jeromepowell #federalreserve #news18live #cnnnews18live

n18oc_live
n18oc_world

Рекомендации по теме
Комментарии
Автор

Why is Powell still talking about historical figures, cut the interest rate already the figures show it’s time

AndyMartinez-gers
Автор

I can’t hear it ! Could you have someone use sign language help me out. Or isn’t this a lot because it’s a federal thing.

lookatfuturedave
Автор

The fed seems to be stuck between a rock and a hard space.

imnotanalien
Автор

25mps increase then what
It is good or bad ...??

phukatkeghyanchand
Автор

Will began at 11:00 pm Indian standard time

johansamte
Автор

😢Til we have a balance budget, we are all screwed..

davidhelling
Автор

We need a strong honest common sense leader 💪 VOTE TRUMP 🇺🇸🙏 2024 if you want good balance!!🇺🇸💪🙏🗽👈

Americal-vr
Автор

If you want a strong honest balance in our economy VOTE TRUMP 🇺🇸 president 2024💪🗽🇺🇸👈 God help us 🇺🇸🦅

Americal-vr
Автор

I make 100% last night how much you make ?

Stephen_Conquer
Автор

Walker Michael Thompson Michelle Young Helen

JohnCisneros-ik