After delivering the US Federal Reserve’s semiannual Monetary Policy Report to the US House Committee on Financial Services, FOMC Chairman Jerome Powell takes questions.
“Housing prices are rapidly increasing across the country.”
“Reckless financing hasn’t fueled the housing market so far.”
“Low interest rates, as well as human preferences and material shortages, are driving up property costs.”
“In early September, the Fed expects to release a report on digital money.”
“The dangers of using a central bank’s digital currency are real.”
“Stablecoins require a suitable regulatory framework.”
On February 5, 2018, Jerome H. Powell was sworn in as Chairman of the Federal Reserve System’s Board of Governors for a four-year tenure. Mr. Powell is also Chairman of the Federal Open Market Committee, which is the System’s main monetary policymaking body. Mr. Powell has served on the Board of Governors since May 25, 2012, when he was appointed to complete an expiring term. On June 16, 2014, he was reappointed to the Board and sworn in for a term ending January 31, 2028./n
Read More
