Kitco NEWS | Federal Reserve Chair Jerome Powell on Rate Cuts: ‘The Time Has Come & Direction Is Clear’ @kitco | Uploaded August 2024 | Updated October 2024, 4 hours ago.
Federal Reserve Chair Jerome Powell gave his annual speech at the Jackson Hole Symposium 2024. “The time has come for policy to adjust,” said Powell, emphasizing that the timing and pace of rate cuts “will depend on incoming data, the evolving outlook, and the balance of risks.” He also noted that the Fed does not seek further cooling in the labor market conditions, given his confidence that inflation is on a sustainable path back to 2%. Powell admitted that the past four years tested the limits of their knowledge, adding that they are open to criticism and new ideas. This clip offers highlights from Powell’s speech.
#Fed #Powell #economy #rates
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Federal Reserve Chair Jerome Powell gave his annual speech at the Jackson Hole Symposium 2024. “The time has come for policy to adjust,” said Powell, emphasizing that the timing and pace of rate cuts “will depend on incoming data, the evolving outlook, and the balance of risks.” He also noted that the Fed does not seek further cooling in the labor market conditions, given his confidence that inflation is on a sustainable path back to 2%. Powell admitted that the past four years tested the limits of their knowledge, adding that they are open to criticism and new ideas. This clip offers highlights from Powell’s speech.
#Fed #Powell #economy #rates
Follow Kitco News on X: @KitcoNewsNOW (twitter.com/kitconewsnow)
__________________________________________________________________
Kitco News is the gold standard in precious metals, commodities, cryptocurrencies, mining, and financial news.
SUBSCRIBE to our channel to stay up to date on the latest market and industry news.
For breaking news, views, charts, and data on precious metals, cryptocurrencies, and financial markets - visit us at kitco.com
To get market updates on the go, download the Kitco Gold Live! APP - applications.kitco.com
Stay connected:
Twitter - twitter.com/kitconewsnow
Instagram - instagram.com/kitconews
Facebook - facebook.com/KitcoNews
LinkedIn - linkedin.com/company/kitconews
StockTwits - stocktwits.com/kitconews
Live gold price and chart: kitco.com/gold-price-today-usa
Live silver price and chart: kitco.com/Silver-price-today-USA
Live crypto market data: kitco.com/price/crypto
Learn more about Kitco News: kitco.com/news/about
For more information on advertising, sponsorship and marketing promotions – please visit our online media kit at: kitco.com/advertising
Disclaimer: The videos are not intended to provide trading advice, and the views expressed do not necessarily reflect those of Kitco Metals Inc. Kitco News, its anchors, producers, and reporters are not responsible in any way for the performance or actions of any sponsor, advertiser or affiliate of Kitco News. In no event will Kitco and its employees be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content in this video.
