Monetary Policy and the Economy
2018-02-27T10:03:10-05:00https://ximage.c-spanvideo.org/eyJidWNrZXQiOiJwaWN0dXJlcy5jLXNwYW52aWRlby5vcmciLCJrZXkiOiJGaWxlc1wvZDBmXC8yMDE4MDIyNzEwMDUzNDAwM19oZC5qcGciLCJlZGl0cyI6eyJyZXNpemUiOnsiZml0IjoiY292ZXIiLCJoZWlnaHQiOjUwNn19fQ==Federal Reserve Chair Jerome Powell appeared before the House Financial Services Committee to deliver the central bank’s semiannual monetary policy report. He said the economic outlook remained strong despite recent market volatility and rising rates on U.S. government debt, thus continuing the policy of gradual increases of interest rates. He also predicted more productivity and an increase in wages due to more investment spending. This was Mr. Powell’s first address to Congress since succeeding Janet Yellin as chair earlier in 2018.
Federal Reserve Chair Jerome Powell appeared before the House Financial Services Committee to deliver the central bank’s semiannual monetary… read more
Federal Reserve Chair Jerome Powell appeared before the House Financial Services Committee to deliver the central bank’s semiannual monetary policy report. He said the economic outlook remained strong despite recent market volatility and rising rates on U.S. government debt, thus continuing the policy of gradual increases of interest rates. He also predicted more productivity and an increase in wages due to more investment spending. This was Mr. Powell’s first address to Congress since succeeding Janet Yellin as chair earlier in 2018. close
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