The President of the FOMC, Jerome Powell, delivers his comments on the economic and political outlook at a virtual event organized by the Economic Club of Washington.
Featured statements:
“We have persistent disparities in economic performance.”
“We carry a quarter century of low inflation because of globalization, technology, demographics. “
“The low inflation and deflation reduce the central bank’s ability to fight recessions“.
“We want to moderately exceed inflation after being below 2%.”
“The Fed looks for inflation that is moderately above 2% for some time“.
“It is very important that the Fed engage with the public proactively.”
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