A virtual meeting of the worlds central bankers lacks the glamour and gorgeous background setting of America’s Rocky Mountains. But that did not dampen Fed Chairman Jay Powell’s willingness to take a virtual victory lap when he spoke at the end of last week. He announced that “the baseline outlook is for continued progress toward maximum employment, with inflation returning to levels consistent with our goal of inflation averaging 2% over [unspecified] time ... policy is … well suited to address today’s challenges… with high levels of employment and participation, broadly shared wage gains, and inflation running close to our price stability goal.”
Fed Chairman Jay Powell is Biden His Time
Fed Chairman Jay Powell is Biden His Time
Fed Chairman Jay Powell is Biden His Time
A virtual meeting of the worlds central bankers lacks the glamour and gorgeous background setting of America’s Rocky Mountains. But that did not dampen Fed Chairman Jay Powell’s willingness to take a virtual victory lap when he spoke at the end of last week. He announced that “the baseline outlook is for continued progress toward maximum employment, with inflation returning to levels consistent with our goal of inflation averaging 2% over [unspecified] time ... policy is … well suited to address today’s challenges… with high levels of employment and participation, broadly shared wage gains, and inflation running close to our price stability goal.”