• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar

The Best Articles

Update The Best Content Marketing Online

  • Home
  • About Us
  • Contact Us
  • Disclaimers
  • DMCA
  • Privacy Policy
  • Submit your story
You are here: Home / Federal Reserve chief to outline plans for inflation, economy

Federal Reserve chief to outline plans for inflation, economy

Federal Reserve Chairman Jerome Powell is set to preview a significant shift in the bank’s approach to price and wage increases as the Fed faces intense political pressure.In a Thursday speech, Powell is expected to lay out how the Fed plans to fight years of low inflation that the bank fears could weaken the U.S. economy’s long-term growth potential. Fed watchers expect Powell to explain how the Fed will aim for an average of 2 percent annual inflation, its target for nearly a decade, instead of constantly trying to push inflation toward that specific level. The new approach means the Fed may allow inflation to run above 2 percent for longer periods of time instead of raising rates to prevent inflation from exceeding its target.ADVERTISEMENTThe Fed’s shift has been in the works for nearly two years. Powell and top Fed officials have acknowledged that long-held views about the connection between low unemployment and high inflation cannot explain why price and wage increases failed to meet the Fed’s target despite a 50-year low in joblessness.The Fed’s new approach is intended to maximize the economy’s ability to add jobs and boost wages while giving the Fed more room to fight future downturns. “What they’re… Read full this story

  • Federal Reserve Hikes Interest Rates Again
  • Federal Reserve Raises Interest Rates 1/4 Point
  • The Federal Reserve Has Lost Its Way: Mike Cosgrove
  • Federal Reserve chair: Decline in worker share of profits 'very troubling'
  • Is the Federal Reserve Aiming for a Recession?: Mike Cosgrove
  • Green New Deal: Finance Plan with Credit from Federal Reserve, ‘New Public Banks Can Be Created’
  • Stocks gain as Federal Reserve lowers rate
  • US economy added 213,000 jobs in June as unemployment rose to 4 percent
  • US Rate Cut: San Francisco Fed Chief Supports More Easing
  • Trump Economics Vindicated by March Consumer Spending, Inflation, and Income Data
  • US inflation reaches 2.9 percent in June, highest in 6 years
  • Fed Chief: 2018 Best Year Since Financial Crisis
  • Inflation Expectations Fall to Record Low
  • Select Few Emerging Asian Economies Comfortable With Fed Hikes
  • Fed Chief Jerome Powell Goes Populist
  • Fed Minutes Indicate Central Bank Plans to Keep Hiking Rates, No Threat to Economy from Trade War with China
  • Fed Raises Interest Rates, Predicts Two More in 2018, Sees Economy Growing Faster
  • The global economy is 'already on an irreversible path' to a downturn, Nomura says
  • JPMorgan's ultimate guide to markets and the economy
  • Fed’s Powell Says U.S. Economy Is Solid but Rest of the World Is Slowing Down
Federal Reserve chief to outline plans for inflation, economy have 401 words, post on thehill.com at August 26, 2020. This is cached page on The Best Articles. If you want remove this page, please contact us.

Primary Sidebar

RSS Recent Stories

  • BLACKPINK ‘spraying the world pink’ to celebrate success
  • Drake beats The Beatles for most top five singles in the history of Billboard Hot 100
  • Jay Park teases talks of solo comeback: Song title and release date
  • ‘Lacklustre’ Prince Harry, Meghan Markle branded ‘failures in the making’
  • UK to pay contaminated blood victims decades after scandal
  • Jacqueline Fernandez caught in new firestorm amid extortion case
  • Prince Harry, Meghan Markle having ‘secret meetups with Prince William, Kate Middleton
  • Climate change driving unprecedented forest fire loss
  • Queen Elizabeth ‘might die’ in October, claims ‘time traveller’
  • PSL vs IPL: Dates of Pakistan, India T20 leagues set to clash in 2025

Sponsored Links

  • Spider-Man: No Way Home Leaked on Torrent Sites, Piracy Networks as Marvel Movie Releases in Cinemas
  • Fast & Furious 10 Release Postponed to May 19, 2023: Report
  • Dell Project Pari: Magnetic Webcam Helps Make Eye Contact | Digital Trends
  • The Best Apple HomeKit-Compatible Devices | Digital Trends
  • YouTube Says Services Fixed After Disruption Affects Thousands
Copyright © 2022 The Best Articles. Power by Wordpress.
Home - About Us - Contact Us - Disclaimers - DMCA - Privacy Policy - Submit your story