Powell’s Statements on US Economy and Federal Reserve Policies

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- The Fed has been inaccurate in their predictions for the past 2 years.
- Inflation needs to be reduced.
- Powell does not believe the reverse repo rate will decrease.
- A slight decrease in the job market could be helpful for the US economy's soft landing.
- The Fed is not going to fund the US government's debt.
- Price stability is crucial for the US economy.
- Powell disagrees with a rate reduction this year.
- It might take two years for the Fed to reduce the rate.
- There are discussions about whether a rate cut is permissible in the next year.
- No member of the Fed anticipates a rate cut in 2023.
- Little progress has been made in lowering core inflation.
- Expect slower growth, but not a drop in earnings.
- The banking system is being closely monitored by the Fed.

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