Federal Reserve Chair Testifies on Monetary Policy Report
2024-03-07T02:03:11-05:00https://ximage.c-spanvideo.org/eyJidWNrZXQiOiJwaWN0dXJlcy5jLXNwYW52aWRlby5vcmciLCJrZXkiOiJGaWxlc1wvNjExXC8wMDFcLzE3MDk3OTU1OTFfMDAxLmpwZyIsImVkaXRzIjp7InJlc2l6ZSI6eyJmaXQiOiJjb3ZlciIsImhlaWdodCI6NTA2fX19Federal Reserve Chair Jerome Powell testified on the Fed’s semiannual monetary policy report before the House Financial Services Committee. He said that economic activity expanded at a strong pace over the past year, with inflation lowering, unemployment at a fifty-year low, and the U.S. economy performing better than most other countries' economies. He also said the interest rate policy of 5.25-5.5% had probably reached its peak and that lowering it would happen at some time within the year if the economy continued to be strong. House members asked about the impact of high interest rates on housing affordability and other monetary questions.
Federal Reserve Chair Jerome Powell testified on the Fed’s semiannual monetary policy report before the House Financial Services Committee. … read more
Federal Reserve Chair Jerome Powell testified on the Fed’s semiannual monetary policy report before the House Financial Services Committee. He said that economic activity expanded at a strong pace over the past year, with inflation lowering, unemployment at a fifty-year low, and the U.S. economy performing better than most other countries' economies. He also said the interest rate policy of 5.25-5.5% had probably reached its peak and that lowering it would happen at some time within the year if the economy continued to be strong. House members asked about the impact of high interest rates on housing affordability and other monetary questions. close
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