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, president of the Board of Governors of the Federal Reserve System, presents his comments on the perspectives of the policy.
Featured statements
“The Fed has passed the inflation target test to decrease.”
“Many in the FOMC think the job reduction test has been met; others think it is close.”
“The language in a statement intended to set the bar for the set-up could be fulfilled as soon as the next meeting.”
“Inflation forecasts have gone up a bit for this year and in recent years and it is a reflection of bottlenecks and shortages that have not yet diminished significantly.”
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