Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "Bess Adler"


3 mentions found


Speaking at the Economic Club of New York, Federal Reserve Chair Jerome Powell described the U.S. economy as “resilient” and said he doesn’t believe monetary policy is too tight. Photo: Bess Adler/BloombergThe Federal Reserve is likely to leave its benchmark interest rate unchanged this week at a 22-year high while keeping open the possibility of another rate hike to fight inflation. Officials, whose two-day policy meeting concludes Wednesday, could raise rates again in December or next year if the economy doesn’t cool as they expect and inflation picks up again after slowing since June.
Persons: Jerome Powell, Bess Adler Organizations: Economic, of New, Federal, Bloomberg Locations: of New York, U.S
What Can the Fed Do About the Deficit? Nothing
  + stars: | 2023-10-25 | by ( Greg Ip | ) www.wsj.com   time to read: 1 min
Federal Reserve Chair Jerome Powell, speaking recently at the Economic Club of New York, described the U.S. economy as resilient and said he doesn’t believe monetary policy is too tight. Photo: Bess Adler/BloombergFederal Reserve officials say soaring long-term bond yields are a key factor in the economic outlook and their interest-rate decisions. They also say the swelling federal deficit is one reason yields are rising. What they won’t say is that political leaders should therefore do something about the deficit.
Persons: Jerome Powell, Bess Adler Organizations: Economic, of New, Bloomberg Federal Reserve Locations: of New York, U.S
Jerome Powell Signals Fed Will Extend Interest-Rate Pause
  + stars: | 2023-10-19 | by ( Nick Timiraos | ) www.wsj.com   time to read: 1 min
Speaking at the Economic Club of New York, Federal Reserve Chair Jerome Powell described the U.S. economy as ‘resilient’ and said he doesn’t believe monetary policy is too tight. Photo: Bess Adler/BloombergFederal Reserve Chair Jerome Powell suggested that he is pleased with inflation’s decline this summer and that the central bank is unlikely to raise interest rates again unless it sees clear evidence that stronger economic activity jeopardizes such progress. “Given the uncertainties and risks, and how far we have come, the committee is proceeding carefully,” Powell said in prepared remarks for a Thursday lunchtime address in New York. “Incoming data over recent months show ongoing progress toward both” of the Fed’s goals to maintain stable inflation and strong employment.
Persons: Jerome Powell, Bess Adler, ” Powell Organizations: Economic, of New, Federal, Bloomberg Locations: of New York, U.S, New York
Total: 3