after the Federal Reserve's decision to leave the policy rate unchanged at 5-5.25% following the June policy meeting."It may make sense for rates to move higher, but at a more moderate pace.""We didn't make a decision about July.""Any forecast about inflation coming down this year will contain a big dose of housing disinflation.""Key to non-housing services disinflation is to get loosening in labor market conditions.
System on February 5, 2018, for a four-year term. He was reappointed to the office and sworn in for a second four-year term on May 23, 2022. Mr. Powell also serves as Chairman of the Federal Open Market Committee, the System's principal monetary policymaking body. Mr. Powell has served as a member of the Board of Governors since taking office on May 25, 2012, to fill an unexpired term. He was reappointed to the Board and sworn in on June 16, 2014, for a term ending January 31, 2028.
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