BREAKING: FED Chairman Jerome Powell Makes Live Statements

Fed Chair Jerome Powell delivers the keynote address at the National Association for Business Economics (NABE) conference in ￰0￱ are the highlights from Powell's speech: The future direction of monetary policy will be determined by data and risk ￰1￱ before the US government shutdown suggested that economic growth could be better than ￰2￱ risks to the US labor market have ￰3￱ data show that current economic conditions are consistent with those in ￰4￱ is currently no “risk-free” path for monetary ￰5￱ data show that the labour market is characterized by low growth and low ￰6￱ risks in the labor market justify a rate cut in ￰7￱ data suggest that tariffs are increasing price ￰8￱ Fed has other data besides government ￰9￱ balance sheet expansion too early will have little ￰10￱ away the Fed's interest-paying authority would make interest rate control very ￰11￱ balance sheet reduction may be nearing completion in the coming ￰12￱ officials will discuss the structure of the balance ￰13￱ away the Fed's interest-paying authority would make interest rate control very ￰14￱ balance sheet reduction may be nearing completion in the coming ￰15￱ officials will discuss the structure of the balance ￰16￱ Fed remains committed to maintaining a balance sheet that includes only Treasurys for an extended ￰17￱ Fed's existing policy tools are working ￰18￱ are seeing signs of tightening in some areas of the money ￰19￱ claim that reserve interest is a burden on taxpayers is “not true.” The increase in commodity prices reflects tariffs rather than general inflationary ￰20￱ risk of slow transfer of customs duties is beginning to emerge as persistent ￰21￱ labor market presents significant downside ￰22￱ risks stabilize, policy should shift to a more neutral ￰23￱ the Fed moves too quickly, its mission to fight inflation could be abandoned halfway ￰24￱ since the July meeting show that the labor market has weakened ￰25￱ too slowly could put pressure on the labor ￰26￱ are not trying to hold the equilibrium level of employment constant; the standard error itself could be 50,000.

The “profit threshold rate” of employment growth has fallen ￰27￱ can access the current version of Powell's speech by refreshing the ￰28￱ are waiting for Powell's comments to provide clues about the direction of interest rates for the rest of the year and into ￰29￱ speech is particularly important because it will be Powell's last official statement before the Federal Open Market Committee (FOMC) meeting in two ￰30￱ News: JUST IN: ￰31￱ Representative Discusses Tariffs to Be Imposed on China In recent speeches, Powell has highlighted the risky balance between the Fed's two primary goals: full employment and low ￰32￱ noted that the unemployment rate remains low, but that the current rate of job growth may be insufficient to keep unemployment ￰33￱ the inflation front, Powell said the rate is running above the Fed's 2 percent target, but they expect it to decline after a temporary increase caused by tariffs. *This is not investment ￰34￱ Reading: BREAKING: FED Chairman Jerome Powell Makes Live Statements