Federal Reserve chair Jerome Powell said that the stronger-than-expected jobs report shows that the process of bringing inflation down won't be smooth and will take 'quite a bit of time.'
would prompt the Fed to act more aggressively than previously thought. But he repeated that further interest rate increases would be necessary to contain inflation."This process ... is not going to be we think smooth. It's probably going to be bumpy," Powell said, speaking during an appearance at The Economic Club of Washington, D.C.
But Fed officials have zeroed in on price pressures within a specific sector: services, excluding energy and housing — that may be more sensitive to a hot labor market, and pass higher labor costs on to consumers.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
LIVE: Federal Reserve Chair Jerome Powell delivers remarks on US economyJerome Powell, chair of the Board of Governors of the Federal Reserve System, is set to discuss the current state of the U.S. economy at 12:30 p.m. Tuesday.
Lire la suite »
Fed’s Jerome Powell to Address Economic Outlook, With Hiring Surge in SpotlightPlanned comments from Federal Reserve Chairman Jerome Powell on Tuesday could offer signs about the coming path for interest rates
Lire la suite »
Fed’s Jerome Powell Says Hiring Surge Shows Why Inflation Fight Could Be DifficultFederal Reserve Chair Jerome Powell said the labor market’s surprising strength means it could take “a significant period of time” to lower inflation
Lire la suite »
Treasury yields mixed ahead of remarks by Fed's PowellTreasury yields are mixed as investors look await remarks by Federal Reserve Chair Jerome Powell
Lire la suite »
Stock futures are flat as investors await Fed Chair Powell's speechInvestors will listen closely to Federal Reserve Chairman Jerome Powell's speech on Tuesday, searching for clues on what's next for monetary policy.
Lire la suite »
EUR/USD bulls struggle around mid-1.0700s, focus on ECB talks, Fed Chair PowellEUR/USD fades the early Asian session recovery by retreating from the daily top. Even so, the major currency pair clings to the first daily gains in f
Lire la suite »