FOMC Chairman Jerome Powell testifies before the Senate Committee on Banking, Housing and Urban Affairs on the “Semiannual Monetary Policy Report to Congress.”
Featured statements
“Monetary policy is one of the factors contributing to the rise in home prices along with other factors.”
“The difference between Treasury purchases and mortgage-backed securities purchases is not very large.”
“Undecided on whether the benefits of a central bank’s digital currency outweigh the costs.”
“A more direct route would be to properly regulate stablecoins.”
“We would like broad support in society and in Congress before creating a central bank digital currency.”
“Our obligation is to explore both the technology and the policy issues to make an informed recommendation on CBDC.”
.
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.
