Fed Chair Powell's Press Conference: Key Takeaways
Highlights and Transcript
The Federal Reserve's Chair, Jerome Powell, will hold a press conference at 2:30 PM Eastern Time after the central bank's latest interest-rate decision and statement.
Five Key Takeaways
According to the transcript of Chair Powell's press conference on May 1, 2024, here are five key takeaways:
1. The Federal Reserve remains focused on controlling inflation.
2. The central bank is committed to raising interest rates to fight inflation.
3. The Fed is watching economic data closely while making decisions about future rate hikes.
4. The central bank is prepared to act decisively to bring inflation down.
5. The Fed is committed to a soft landing for the economy, meaning it wants to bring down inflation without causing a recession.
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