Federal Reserve Chairman Jerome Powell holds a news conference to explain why they have decided to leave the policy rate, federal funds rate, unchange
"It may be that the neutral rate has risen.""It is a good tihng we've seen meaningful rebalancing in labor market without much increase in unemployment."
"I still think, and broadly people still think, there will need to be some softening in labor market.""Jerome H. Powell first took office as Chair of the Board of Governors of the Federal Reserve 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.
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