Jerome Powell, Chairman of the Federal Reserve (Fed), speaks about economic outlook and policy before the Economic Club of New York.
Featured Statements
“Business contacts say the economy remains strong.”
“The cost of capital could be a problem for small companies.”
“The Fed’s policy is forceful, but it is what it has to stop inflation.”
“We know that the Fed’s actions are having negative effects on some sectors of the economy.”
“The Fed must return to price stability.”
“Higher bond yields are producing the tighter financial conditions the Fed wants.”
“At the margin, higher yields take some pressure off the Fed to raise rates.”
“There are many signs that the labor market is returning to balance.”
“Salary increases moderate, job offers weaken.”
“The labor market is cooling little by little.”
“Things have calmed down on the banking front.”
“Banking stress has settled, the Fed remains alert to problems.”
“The banks are strong and well capitalized.”
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
