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Despite policy shifts under the Trump administration — from tariffs to immigration to federal spending — Federal Reserve Chair Jerome Powell says the U.S. economy remains on solid footing. While the long-term effects of the policy changes continue to unfold,
Federal Reserve Chair Jerome Powell reiterated the need for a wait-and-see approach during a press conference following the committee's policy announcement.
Market Domination Overtime anchors Julie Hyman and Josh Lipton preview the biggest news stories and market headlines expected out next week, including earnings results from semiconductor giant Nvidia (NVDA),
Following the last review, the Fed outlined a policy that became known as flexible average inflation targeting. The move was a stated intent to allow inflation to run slightly over the central bank's 2% target for a period of time in the interest of providing full and inclusive employment across the economy, including for race and gender.
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Powell said Thursday that longer-term interest rates are likely to be higher as the economy changes and policy is in flux.
The Fed Chair leads the Federal Reserve’s Board of Governors and chairs the Federal Open Market Committee, setting the course for U.S. monetary policy—everything from interest rates to quantitative easing.
Fed Chair Jerome Powell acknowledged that the contraction in the U.S. economy in the first quarter was notable, but ultimately didn’t indicate that it was enough of a concern to push policymakers to cut rates.
There is one subject where Federal Reserve Chair Jerome Powell has been consistent since becoming central bank boss nearly seven years ago: The nation’s fiscal path is "unsustainable." It’s a word he has come back to again and again in describing US deficits,