It’s very unusual for the Fed chairman to telegraph moves in monetary policy so clearly at Jackson Hole. Typically, the Fed chair prefers to preserve a bit of optionality by hinting about what it is to come rather than directly stating that a rate change will take place at the next Fed meeting.Can’t put it off another daySince the minutes of the July meeting already showed thaton interest rates at the September meeting, Powell may have felt that there was no harm in being this direct.
but he was careful to note that the rise in unemployment hasn’t been driven by the large-scale layoffs that typically herald a recession. In Powell’s view, the upcoming round of rate cuts is less about responding to a crisis and more about returning to a more normal monetary policy stance. Powell himself acknowledged the delicate balance the Fed must strike. The labor market has cooled, but it remains fundamentally strong, with unemployment rising only modestly and not as a result of mass layoffs.The Fed’s dual mandate—to foster maximum employment and stable prices—requires a balanced approach. Rushing into rate cuts could upset that balance.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Breitbart Business Digest: How the Migrant Surge Likely Drove That Huge Jobs RevisionSource of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
Source: BreitbartNews - 🏆 610. / 51 Read more »
Breitbart Business Digest: Manufacturing Jobs Are Shrinking Under Biden-Harris PoliciesSource of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
Source: BreitbartNews - 🏆 610. / 51 Read more »
Breitbart Business Digest: U.S. Native-Born Workers Work More Intensively Than ImmigrantsSource of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
Source: BreitbartNews - 🏆 610. / 51 Read more »
Breitbart Business Digest: Americans Are Increasingly Unhappy with Their JobsSource of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
Source: BreitbartNews - 🏆 610. / 51 Read more »
Breitbart Business Digest: The Ghost of Inflation Will Haunt Kamala Harris Through the ElectionSource of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
Source: BreitbartNews - 🏆 610. / 51 Read more »
Breitbart Business Digest: Retail Sales Snuff Out Economic Disaster FearsSource of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
Source: BreitbartNews - 🏆 610. / 51 Read more »