Restoring Price Stability
21 March 2022 · Jerome H Powell , Chair of the Federal Reserve (United States)
Summary written by Dark Majestic in its own words · topics: inflation and price stability
JH 21 Mar 2022 · Jerome H Powell Wiki · Federal Reserve Wiki Restoring Price Stability Context Speech by Jerome Powell on restoring price stability at the 38th Annual Economic Policy Conference of the National Association for Business Economics in Washington, D.C.
Why it matters Powell signals faster rate rises after the first hike.
Problems raised Inflation is much too high. Russia's invasion adds uncertainty. Earlier moderate forecasts proved wrong. Solutions proposed Raise rates expeditiously. Move beyond neutral if needed. Restore price stability. Read full speech on federalreserve.gov ↗ More from Jerome H Powell · Federal Reserve · all speeches
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