News

Federal Reserve Chairman Powell: If the government shutdown continues and the release of October data is delayed, the Fed will start to miss data and the situation will become more serious.

Federal Reserve Chairman Powell: The labor market situation is supported by credible data, but private data is more suitable as a supplement.

Fed Chairman Powell: Labor demand is growing slightly faster than supply.

Federal Reserve Chairman Powell: Research points out that the lag time for policies to affect employment and inflation is longer.

Federal Reserve Chairman Powell: There is great uncertainty about the "equilibrium level" of job creation and may have fallen below zero.

Federal Reserve Chairman Powell: The "break-even rate" of employment growth has dropped significantly.

Fed Chairman Powell: We will not try to lock in the equilibrium level of employment; the standard error itself is probably 50,000.

Federal Reserve Chairman Powell: Acting too slowly may lead to pressure on the labor market.

Fed Chairman Powell: The Fed "probably should" have stopped asset purchases earlier after the outbreak.

Fed Chairman Powell: The adequate reserve system has proven to be very effective.

Fed Chairman Powell: The argument that interest on reserves is a burden on taxpayers “doesn’t hold water.”

Federal Reserve Chairman Powell: We see signs of tightening in some areas of the money market.

Federal Reserve Chairman Powell: The current Fed policy toolbox is running well.

Federal Reserve Chairman Powell: The Fed remains committed to achieving a balance sheet that only holds Treasury bonds in the longer term.

Fed Chairman Powell: Fed officials will discuss the composition of the balance sheet.

Fed Chairman Powell: Balance sheet reduction may be nearing completion in the coming months.

Fed Chairman Powell: Taking away the Fed’s power to pay interest will make interest rate control very complicated.

Fed Chairman Powell: We believe the Fed has room for more "flexibility" in the size of its balance sheet.

Fed Chairman Powell: Stopping balance sheet expansion prematurely will have little impact.

Fed Chairman Powell: The Fed has other data to use besides government sources.