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Federal Reserve Chair Jerome Powell, on May 15, 2025, 2025 in 2025, 2025, 2025 in 2025, the Federal Reserve Council speaks at the APOMAS Laubach research conference.
Andrew Harnik | Getty pictures
Federal Reserve Chair Jerome powder He said on Thursday, the longer-term interest rates are expected to be higher as the economy change and policies.
In reviews of the Central Bank’s policy framework, Ended in the summer of 2020Powell noted that the conditions changed significantly in the last five years.
During the period, the Fed witnessed the inflation period, and he is historically pushed into an aggressive interest rate growth. Powell said that the longer-term inflation expectations will be the expectations of long-term inflation in accordance with 2% target, the period of the period of zero rates soon, he said.
“Higher real prices can also reflect the possibility of more volatility in inflation compared to the crisis of 2010,” We prepared for the Thomas Laubach Research Conference in Washington.
The Fed is zero zero zero in seven years since the financial crisis in 2008.
Statements of “Supply Strikes” are similar to Powell handed over Over the past few weeks, it can lead to a difficult balancing act between providing employment and managing inflation.
Although he Tariffs of President Donald Trump In his speech on Thursday, the central bank chief in recent days, he said the possibility that tariffs will increase and inflation. However, both effects are measured, especially Trump recently supported more aggressive tasks waiting for the 90-day negotiation window.
Nevertheless, the Fed will not want to relieve the policy after cutting a benchmark last year.
Looking back and forth
As for the ongoing frameworking, the Fed will make seeds, decisions and seeds to prepare a five-year plan for how the action will be treated the public.
Powell, this time said the process will look at a number of factors.
Review the future expectations of those who fed the future and consider it in the way that the last review can regulate the last review.
During the twig in the summer of 2020, the Fed announced the “Target” approach of the “Target”, which allows the inflation to be a little hot in the interest of the full and incomplete employment. However, a number of people who woke up from the covig pandemic targeting inflation were a dead problem soon by forcing a number of aggressive rides.
The current review will look at the “deficiencies” report in the fedin inflation and employment purposes.
Powell and their colleagues were first released 2021 Inflation growth as “switch” Because pandemic specific factors. At the same time, several Fed officials did not decide whether the perception of the 2020 adoption and inflation be resolved to protect the price of rates near zeros.
“In our discussions so far, the participants said they thought that they would be in line with the revision of the language around this,” he said. “And in our meeting last week, we received an average inflation target. We will ensure that our new consensus statement is strong for the widespread economic environment and development.”
Powell said that the potential supply shocks and their political opportunity will be directed to the communication, to further eliminate the idea of the possibility.
“Although academic and market participants are generally effective (Fed’s) communication, there is always a place for improvement,” he said. “In periods of larger, more frequent or more different shock, effective communication, economy and worldview, we will convey the uncertainty that covers our understanding. We will explore ways to improve this size.”
Powell did not give a certain date when reviewed, only “in the coming months” said. For the latest review, Powell, annual speech fed’s Jackson Hole, Wyoming, pulled back to pull back.
