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.
“Even if a flood of labor supply arrives, there will most certainly be a labor shortage.”
“At the moment, inflation is far above 2%.”
“It’s quite difficult to predict long-term rates.”
“What we’re going to do with QE should be baked into markets to some extent already.”
“It’s apparent that smart infrastructure investments may boost economic potential.”
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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