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Federal Reserve Chairman Jerome Powell faced questions from U.S. lawmakers Wednesday over the central bank’s help for Americans compared with markets.
September 23 -
A “fragile” economy and his expectations for a “more gradual” than forecast recovery mean “fiscal- and monetary-policy stimulus are essential,” Federal Reserve Bank of Boston President Eric Rosengren said Wednesday.
September 23 -
Federal Reserve Vice Chairman Richard Clarida said the central bank won’t consider raising interest rates from near zero until it actually achieves 2% inflation for at least a few months as well as full employment.
September 23 -
The U.S. central bank’s new guidance on interest rates doesn’t preclude tightening before inflation averages 2% for some period of time, Chicago Fed President Charles Evans said.
September 22 -
Federal Reserve Bank of St. Louis President James Bullard said the U.S. economy has enough momentum to continue its recovery from the coronavirus slump even if Congress fails to pass additional taxpayer support.
September 22 -
The Fed has been chasing its 2% inflation goal since 2012 and has yet to even come close to reaching it, thanks in part, to technology and globalization.
September 21 -
Most panelists don't expect rates to budge in the three-year projection horizon.
September 16 -
Judy Shelton, President Donald Trump’s controversial nominee for the Federal Reserve Board, doesn’t yet have enough support in the Republican-controlled Senate to win confirmation, said Sen. John Thune, the chamber’s No. 2 GOP leader.
September 16 -
With its new policy framework in place, the Fed will decide how it can use its tools more aggressively and effectively to achieve its primary goal of increasing jobs and wage growth through a more robust economic rebound.
September 15Keel Point -
The dot plot will be the star of the meeting, but the coronavirus and the elections will be part of the discussion, economists say.
September 11