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post: Powell: We’ve Seen Demand for Workers Cooling Off Pretty Substantially Powell: You Also See Wages Coming Down Powell: I Think That Tells You That Policy is Probably Restrictive post: Powell: Credit Has Been Tight for Some Time Powell: Credit Growth Has Been Modest post: Powell: We’re Not Sitting Around Wondering About Longer-Run Neutral When We Make Policy Today post: Powell: US Banking System Overall is in Good Shape Powell: Our Large Banks Are Strong, Well Capitalized post: POWELL: LENDING ACTIVITIES BY NONBANKS ARE GROWING VERY, VERY FAST POWELL: WE NEED TO MONITOR THAT VERY CAREFULLY POWELL: VERY FAST GROWTH IN ANYTHING RAISES FINANCIAL STABILITY CONCERNS
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Federal Reserve Chair Jerome Powell reiterated Tuesday that inflation is falling more slowly than expected and will keep the central bank on hold for an extended period. Speaking to the annual general meeting of the Foreign Bankers’ Association in Amsterdam, the central bank leader noted that the rapid disinflation that happened in 2023 has slowed ...
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