Semiannual Monetary Policy Report to the Congress
· Jerome H Powell, Chair of the Federal Reserve (United States)
Summary written by Dark Majestic in its own words · topics: monetary policy and interest rates, inflation and price stability
JH · Jerome H Powell Wiki · Federal Reserve WikiSemiannual Monetary Policy Report to the CongressContextSemiannual testimony of Jerome Powell before the House Committee on Financial Services, presenting the Monetary Policy Report to Congress.
Why it mattersPowell tells Congress the Fed will begin raising rates.
Problems raised- Inflation is well above 2%.
- Russia's attack adds uncertainty.
- Inflation expectations may rise.
Solutions proposed- Begin raising rates.
- Reduce the balance sheet.
- Monitor a wide range of information.
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