June 1, 2023

Brighton Journal

Complete News World

Watch Federal Reserve Chairman Jerome Powell talk live about monetary policy

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Federal Reserve Chairman Jerome Powell speaks Friday on the “Perspectives on Monetary Policy” panel at the Thomas Lubach Research Conference hosted by the Central Bank of Washington, DC.

These comments come as markets are suddenly divided on which direction the Fed should go from here. Market prices are indicated on Friday morning about 35% probability The Fed may agree to raise interest rates again when it meets in June, according to CME Group.

Recent data indicated resilience in the economy, the labor market and inflation which, while easing from its highs in 2022, is still well above the Fed’s 2% target.

In recent days, regional presidents Lori Logan of Dallas and Loretta Mester of Cleveland have indicated a stronger tendency to lift, while Austin Goolsby of Chicago and Raphael Bostick of Atlanta endorsed a more cautious approach.

Next week the Fed will release the minutes of its meeting earlier in May at which it agreed to raise interest rates for the 10th time since March 2022.

Read more:
Dallas Fed President Logan says the current data does not justify a pause in rate hikes just yet
Federal Reserve Governor Philip Jefferson has appointed a new Vice President to succeed Lyle Brainard
The Federal Reserve increases interest rates by a quarter point and signals a possible end to the hikes