FRB Chairman Powell has deepened his confidence about inflation with recent data
Updated 2024/7/16 2:44 JST (some excerpts)
My confidence has deepened somewhat with the last 3 indicators, including 1 announced last week
If the labor market softens unexpectedly, it can also be a reason for monetary policy responses
My confidence has deepened somewhat with the last 3 indicators, including 1 announced last week
If the labor market softens unexpectedly, it can also be a reason for monetary policy responses
US Federal Reserve (FRB) Chairman Powell stated in the April-June (second quarter) economic data that policymakers deepened their confidence that inflation is declining toward the agency target of 2%.
Chairman Powell listed the three most recent inflation indicators, including the one announced last week, and stated the following. However, it was also clarified that there is no intention of sending a specific message about the timing of interest rate cuts.
Chairman Powell listed the three most recent inflation indicators, including the one announced last week, and stated the following. However, it was also clarified that there is no intention of sending a specific message about the timing of interest rate cuts.
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