Federal Reserve’s Chair Jerome Powell discussed the US economic outlook at the Economic Club of Chicago. Key Quotes Well positioned to wait for greater clarity before considering any changes to policy stance. US economy ‘solid’ despite heightened uncertainty, downside risks. At or near maximum employment, inflation a bit above 2% goal, has come down a…
At last month’s meeting, Fed officials debated whether it might be wise to slow or even pause the reduction of their balance sheet holdings, given that renewed concerns over the federal debt ceiling have come back into play. In addition, the Minutes showed the staff’s economic outlook remained largely unchanged from December. Key highlights All…
The Federal Reserve is widely expected to leave monetary policy settings unchanged following the January meeting. Fed Chairman Powell’s presser could provide important clues about the rate outlook. The US Dollar could come under bearish pressure if the Fed leaves a rate cut in March on the table. The United States (US) Federal Reserve…
