FOMC Chairman Jerome Powell testifies before the Senate Committee on Banking, Housing, and Urban Affairs on the “Semi-annual Monetary Policy Report to Congress.”
Featured Statements
“The wage growth rate is not consistent with 2% inflation over time.”
“There are signs that wage growth is flattening out.”
“We don’t want to reduce wages, we want a more sustainable rate of increase.”
“Over time, we want wages to rise at the highest rate that is sustainable and consistent with the 2% target.”
“Rate hikes should trickle down to house prices fairly quickly.”
“We’re seeing a slowdown in housing.”
“There are limitations on housing construction.”
“We could find that there are not enough homes at the right price.”
Source: Fx Street
With 6 years of experience, I bring to the table captivating and informative writing in the world news category. My expertise covers a range of industries, including tourism, technology, forex and stocks. From brief social media posts to in-depth articles, I am dedicated to creating compelling content for various platforms.
