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, labour markets and jobs, technology, ai and cyber risk
JH · Jerome H Powell Wiki · Federal Reserve WikiSemiannual Monetary Policy Report to the CongressContextSemiannual testimony of Jerome Powell before the Senate Banking Committee, presenting the Monetary Policy Report to Congress.
Why it mattersPowell tells Congress that high inflation is no longer the only risk.
Problems raised- Inflation progress needs confirmation.
- High inflation is not the only risk now.
- The labour market has cooled.
Solutions proposed- Wait for more good data.
- Balance risks to both goals.
- Keep expectations anchored.
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