Powell gives hawkish speech at Jackson Hole
Fed chair warns monetary policy could do too little or too much
Monetary policy-makers have to avoid doing either too little or too much, US Federal Reserve chair Jerome Powell warned today (August 25).
Powell gave his closely watched speech at the Federal Reserve Bank of Kansas City’s economic symposium in Jackson Hole, Wyoming. He also ruled out changing the Fed’s inflation target, saying it will continue to be 2%.
“Although inflation has moved down from its peak — a welcome development — it remains too high,” Powell said. “We are prepared to raise rates
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe
You are currently unable to print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com
More on Financial Stability
Sri Lankan inflation rises in April
Foreign exchange reserves rose as a result of central bank intervention
Growth to slow in Asia-Pacific this year, IMF says
Fund cites ageing populations and lower productivity
Politics and economics drive swap line decisions – IMF paper
Financial and trade links as well as political reasons affect decision-making, authors say
US needs to change bank takeover rules, FDIC official says
Rohit Chopra criticises SF Fed over bank linked to Sam Bankman-Fried firms
Stress-test failures increase banks’ M&A scrutiny, Fed research finds
US lenders’ merger-related activity improves if they have failed tests, authors say
RBI forbids major bank from adding new customers digitally
Kotak Mahindra’s IT systems showed “serious deficiencies and non-compliances”, regulator says
Paul Tucker calls for collateral prepositioning
Central banks need to know what collateral banks have in advance, former BoE deputy says
Inequality exacerbates crises in several ways, Fed research finds
High-income households have a high tolerance for risk, which boosts the non-bank sector
Most read
- ECB staff speak out against changes to internal survey
- French president calls for expanded ECB mandate
- Central bank of the year: Central Bank of Brazil