Why the Fed's Jackson Hole Meeting Doesn't Matter This Year marketwatch.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from marketwatch.com Daily Mail and Mail on Sunday newspapers.
The gold price trimmed an overnight surge Thursday following the US Fed raising Dollar interest rates as expected but Chairman Powell giving a dovish press conference ahead of UK Bank of England and Eurozone central-bank rate hikes
Fed Reaffirms Commitment to Long-Term Goals, Strategy miragenews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from miragenews.com Daily Mail and Mail on Sunday newspapers.
<p><span>Thank you, Meredith and Cullum and thank you to the Society for the invitation to speak to you today. This week, the Federal Open Market Committee (FOMC) took another significant step toward achieving our inflation objective by raising the Federal Funds rate target by 75 basis points. In my view, and I speak only for myself, if the data comes in as I expect I will support a similar-sized move at our July meeting. The Fed is "all in" on re-establishing price stability, and part of that effort involves understanding the forces that have boosted inflation and also examining how policymakers responded. Today, I intend to look back on monetary policy in 2020 and 2021, as I have before in recent speeches, but go a bit further and try to discern some lessons learned.</span></p>