Jerome Powell, Chairman of the Federal Reserve (Fed), speaks about economic outlook and policy before the Economic Club of New York.
Featured Statements
“Long-term potential growth doesn’t change much, it’s around 2%.”
“It is very difficult to know how the economy can grow with higher rates.”
“We don’t know where monetary policy will settle.”
“The effective lower bound is not a problem for the economy, but rather monetary policy.”
“In any case, neutral rates decreased in recent decades, it is not known where it is now.”
“Neutral rate may have risen in the short term, it is not clear in the long term.”
“The evidence is not that the policy is too restrictive.”
“It is possible that we will enter a more inflationary period, but it is difficult to know.”
“The Fed’s problem is trying to get policy right to get inflation back to 2%.”
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.
