· Jerome H Powell Wiki · Federal Reserve WikiEconomic Outlook
Read full speech on federalreserve.gov ↗ContextSpeech by Jerome Powell on the economic outlook at the National Association for Business Economics Annual Meeting in Nashville, Tennessee.
Why it mattersPowell says further cuts will be decided meeting by meeting after the half-point cut.
Problems raised
- Housing inflation declines slowly.
- Risks to goals are two-sided.
- The labour market has cooled.
Solutions proposed
- Decide meeting by meeting.
- Assess data carefully.
- Keep the economy strong.