Powell Remarks today !
Jerome Powell, the Federal Reserve Chair, has made several notable remarks recently. Here are some key points :
- *Dovish Remarks at Jackson Hole Symposium*: On August 23, 2024, Powell signaled upcoming rate cuts in September, emphasizing confidence in inflation control while acknowledging cooling labor market conditions. He stated, "The time has come" for policy adjustments.
- *Interest Rate Cuts*: In his remarks ahead of congressional testimony on March 6, 2024, Powell mentioned that the central bank expects to cut interest rates later this year. He said, "If the economy evolves broadly as expected, it will likely be appropriate to begin dialing back policy restraint at some point this year."
- *Economic Outlook*: Powell's remarks often highlight the uncertainty of the economic outlook and the need for careful assessment of incoming data. He emphasized the importance of data-driven decisions, considering factors like labor market conditions, job creation, wages, and inflation.
- *Monetary Policy Approach*: In a speech at the Macroeconomics and Monetary Policy Conference on March 29, 2024, Powell mentioned adopting a patient, wait-and-see approach to considering any alteration in the stance of policy, given muted inflation pressures.
Some specific events and dates associated with Powell's remarks include ⁴ ⁵ ⁶:
- *March 7, 2025*: Powell spoke at the University of Chicago Booth School of Business 2024 U.S. Monetary Policy Forum.
- *March 29, 2024*: Powell addressed the Macroeconomics and Monetary Policy Conference.
- *August 23, 2024*: Powell delivered dovish remarks at the Jackson Hole Symposium.
- *Before the upcoming Fed meeting*: Powell promoted a rate pause in his final remarks, emphasizing the economy's strength and the need for patience.