Fed Chair Powell Keeps Door Open
Digest more
Fed Chair Jerome Powell told economists that the sluggish labor market and tariff-induced inflation are persisting as government shutdown delays official employment reports.
(Reuters) -Federal Reserve Chair Jerome Powell said on Tuesday the end of the central bank’s long-running effort to shrink the size of its holdings, widely known as quantitative tightening, or QT, may be coming into view.
Despite gaps in federal data caused by the government shutdown, Powell said the employment and inflation outlooks don't appear to have changed much.
Jerome H. Powell, chair of the Federal Reserve, still sees labor market risks outweighing those posed by higher inflation tied to President Trump’s tariffs.
Federal Reserve Chair Jerome Powell said on Tuesday the end of the central bank’s long-running effort to shrink the size of its holdings, widely known as quantitative tightening, or QT, may be coming into view.
Powell acknowledged the Federal Reserve kept purchasing mortgage-backed securities (MBS) for too long—but he’s also unsure how much it actually contributed to the housing boom.
Fed Chair Jerome Powell wins 2025 Adam Smith Award; discusses inflation, policy strategy, and signals on quantitative tightening.
The Federal Reserve is doing a difficult balancing act, trying to tamp down inflation while lifting up the job market, Chair Jerome Powell said Tuesday.