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Economic Outlook

· Jerome H Powell, Chair of the Federal Reserve (United States)

Summary written by Dark Majestic in its own words · topics: inflation and price stability, labour markets and jobs

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· Jerome H Powell Wiki · Federal Reserve WikiEconomic Outlook

ContextSpeech by Jerome Powell on the economic outlook at a public conversation in Dallas, Texas.

Why it mattersPowell signals the Fed is not in a hurry to cut after the US election.

Problems raised
  1. The economy weathered a pandemic.
  2. Inflation has come down but not fully.
  3. Risks to goals are balanced.
Solutions proposed
  1. Return inflation to target without high unemployment.
  2. Move policy gradually.
  3. Watch both sides of the mandate.
Read full speech on federalreserve.gov ↗

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