Powell speech: We have not seen much progress in services inflation – by eren_fxstreet Fed CentralBanks
, Chairman of the Federal Reserve System , presents the Semi Annual Monetary Policy Report and responds to questions before the Senate Banking, House and Urban Affairs Committee."Headline inflation has come down, but that's largely from energy and food prices not principally a function of monetary policy.""We still have a long way to go.
"We have identified banks that have a higher concetration of commercial real estate, working with them.""Jerome H. Powell first took office as Chair of the Board of Governors of the Federal Reserve System on February 5, 2018, for a four-year term. He was reappointed to the office and sworn in for a second four-year term on May 23, 2022. Mr. Powell also serves as Chairman of the Federal Open Market Committee, the System's principal monetary policymaking body. Mr.
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