FED Chairman Powell's Speech has Started! đ„
FED chairman Jerome Powell makes statements about the US economy.
Minutes earlier, Federal Reserve Chairman Jerome Powell attended the Forum on Business, Government and Society at the Stanford Graduate School of Business. Here are the statements made by FED Chairman Powell so far:
It is too early to tell whether there is more than an increase in the latest inflation data.
The latest data on employment growth and inflation are higher than expected but do not significantly change the overall picture.
To maintain public trust, the Fed must avoid mission drift.
The Fed continues to believe that its policy rate is likely at its peak this cycle.
Stay tuned for updates.
