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Powell: Opening Remarks
It is a pleasure to be here today. I will begin with the economy and the road ahead for monetary policy before briefly discussing the Federal Reserve's monetary policy independence. Over the past year, inflation has come down significantly but is still running above the Federal Open Market Committee's (FOMC) 2 percent goal. In February, headline inflation was 2.5 percent over the past 12 months based on the personal consumption expenditures (PCE) index. A year earlier, it was 5.2 percent. Core inflation, which excludes the volatile food and energy components, stood at 2.8 percent; a year ago, it was 4.8 percent. ... (full story)
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Powell: Too Soon to Say Whether Recent Inflation Readings Are More Than Just a Bump
— DB News TradFi (@DBNewswire) April 3, 2024
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Powell: Under Current Outlook, Rate Cuts Likely to Be Appropriate This Year -- WSJ
— DB News TradFi (@DBNewswire) April 3, 2024
Powell: Stronger Data Hasn't Materially Changed Overall Outlook -- WSJ
Powell: Job of Bringing Down Inflation Isn't Yet Done -- WSJ
Powell:Tight Monetary Policy Is Weighing on Economy -- WSJ
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Powell: Fed Continues to Believe Policy Rate Likely at Peak for This Cycle
— DB News TradFi (@DBNewswire) April 3, 2024
Powell: to Keep Public’s Trust, Fed Must Avoid ‘Mission Creep’