Following the decision of the Federal Open Market Committee (FOMC) to keep the policy rate unchanged within the target range of 0-0.25%, Jerome Powell, Chairman of the Board of Governors of the Federal Reserve System, is offering his comments on the political outlook.
Featured statements
“The Advances in Vaccines and Fiscal Support Provide Strong Support to the Economy.”
“The Household spending is increasing at an especially rapid rate“.
“The housing sector is still very strong, business investment is increasing at a solid rate. “
“Conditions in the labor market have continued to improve.”
“The labor market has a way to go.”
“Pandemic factors appear to be weighing on job growth, but should decrease in the coming months.”
About Jerome Powell (via Federalreserve.gov)
Jerome H. Powell took office as Chairman of the Board of Governors of the Federal Reserve System on February 5, 2018, for a four-year term. Mr. Powell also serves as Chairman of the Federal Open Market Committee, the main monetary policy-making body of the System.
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