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.
“Determining what constitutes’substantial more improvement’ is quite tough.”
“We’ll have another round of taper negotiations in a couple of weeks.”
“Inflationary data has come in higher than predicted.”
“Inflation data is still in line with the Fed’s expectations.”
“The Fed is keeping a close eye on the scenario of rising inflation.”
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
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