Jerome Powell Testimony
July 18, 2018 5:22 amVideo
Latest News
- Trading Signals for GOLD (XAU/USD) for April 19-22, 2024: sell below $2,395 (+2/8 Murray – overbought) April 19, 2024
- USD/JPY: Simple Trading tips for novice traders on April 19th (US session) April 19, 2024
- GBP/USD: Simple trading tips for novice traders on April 19th (US session) April 19, 2024
- EUR/USD: Simple trading tips for novice traders on April 19th (US session) April 19, 2024
- GBP/USD: trading plan for the US session on April 19th (analysis of morning deals). The pound is trying to regain its advantage April 19, 2024
- EUR/USD: trading plan for the US session on April 19th (analysis of morning deals). The euro compensated for the losses April 19, 2024
- Storm in a teacup: EUR/USD analysis April 19, 2024
- Video market update for April 19, 2024 April 19, 2024
- Eurozone PMIs eyed as euro’s focus turns to rate cuts beyond June – Preview April 19, 2024
- Technical Analysis – NZDUSD falls to fresh 5-month low April 19, 2024
- EUR/USD. April 19th. Bostic, Fed: the rate cut will happen at the end of the year April 19, 2024
- Forecast for GBP/USD pair on April 19, 2024 April 19, 2024
- Weekly Forex Outlook: 14/04/2024 – US GDP and BoJ decision on top of next week’s agenda April 19, 2024
- Market Comment – Safe havens jump as Israel retaliates against Iran April 19, 2024
- Technical Analysis – USDCAD puts rally on hold near 1.3800 caution zone April 19, 2024
- USD/JPY: trading tips for beginners for European session on April 19 April 19, 2024
- GBP/USD: trading tips for beginners for European session on April 19 April 19, 2024
- EUR/USD: trading tips for beginners for European session on April 19 April 19, 2024
- Supercharged US dollar turns to GDP growth data – Preview April 19, 2024
- Technical Analysis – USDCHF remains in bullish structure April 19, 2024
Jerome Powell Testimony
On Tuesday, the new head of the Federal Reserve, Jerome Powell, made a regular semi-annual report to the US Congress. This is his second appearance as Fed Chairman. The report or testimony of the head of the Fed on the state of the economy and monetary policy will come out within two days with the second statement slated to be reported on Wednesday, July 18.
What did the head of the Fed say? He said that the US economy is in strong shape and GDP growth for the second quarter is expected with a significant increase compared to the first quarter (data will be released at the end of July).
The main success of the Federal Reserve is a strong labor market. Unemployment is about 4%, the lowest level since 1999, unemployment in the generally problematic population groups: young people, African Americans, and Hispanics has significantly decreased.
Inflation reached an important milestone of 2% per annum. The total inflation fluctuates 2.3-2.9%, without gasoline at 2%.
The Fed is gradually turning the aim of the policy of rates on controlling inflation.
The Fed sees the best behavior for itself to continue to gradually raise the rate, but slowly and not faster than recent hikes, so as not to lower the growth rate.
The Fed notes the possible risks from the “trade wars”, but is not ready to predict the consequences, and is closely monitoring the situation.
The material has been provided by InstaForex Company – www.instaforex.com
Related Posts: