Powell calls on lawmakers to help sustain record-long expansion
Elected officials could help continue the record-long US expansion if they take action, Federal Reserve chairman Jerome Powell said, adding that there is “still plenty of room” to build on economic gains.
The chairman restated comments made earlier this month in a hearing to Congress that lawmakers could “spur further progress by better preparing people to meet the challenges of technological innovation and global competition”.
The US economy has now entered its 11th consecutive year of
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 Monetary Policy
Riksbank governor stresses Swedish banks’ strength
Thedéen says “inflation needs to come down significantly” in 2023
Nigeria and Morocco raise rates
Inflation hits record level in Morocco and remains high in Nigeria
SNB increases rates by 50bp in wake of Credit Suisse crisis
Swiss central bank sold Sfr27 billion in foreign currency in Q4 to tighten financial conditions
Brazilian MPC holds rates despite pressure
President says policy rate is “absurd” but MPC says expectations not yet anchored round targets
Costa Rica cuts rates, bucking Latin American trend
Argentina resumes monetary tightening, while Paraguay continues to hold
Three Asian central banks raise rates
Central banks in Taiwan, the Philippines and Hong Kong continue with monetary tightening
Lagarde lays out ECB’s data-dependent rate path
ECB president stresses bringing inflation to target is “non-negotiable”
RBA says interest rate pause is on the cards for next month
Central bank says monetary policy is in “restrictive territory”