Jerome Powell Expresses Caution on Inflation Forecast
Tuesday, 14 May 2024, 14:29
Fed Chair Powell on Inflation Forecast
Federal Reserve Chair Jerome Powell addressed concerns over inflation forecasts during a recent speech. Powell highlighted the expectation of a decline in inflation rates in the coming months but expressed reservations about the forecast's reliability.
Key Points:
- Powell's Expectation: He anticipates inflation moving down in the near future.
- Confidence Level: Powell is not completely certain about the accuracy of this forecast.
This cautious approach from the Fed Chair indicates a nuanced view on inflation dynamics and suggests potential implications for monetary policy moving forward.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.