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NewsBreak: Fed Looking at Measures to Boost Inflation, Powell Says

Published 10/04/2019, 02:20 PM
Updated 10/04/2019, 02:24 PM
© Reuters.

Investing.com - Federal Reserve Chairman Jerome Powell said the U.S. economy is in a “good place,” though he conceded that the central bank is looking at strategies to stop inflation from slipping too low.

  • The central bank is examining strategies that might help it to symmetrically and sustainably achieve 2% inflation, Powell said in opening remarks at a Fed Listens event sponsored by the Board of Governors of the Federal Reserve System in Washington. This would help prevent inflation expectations from slipping too low, as they appear to have done in several advanced economies, he added.

  • "While we believe our strategy and tools have been and remain effective, the U.S. economy, like other advanced economies around the world, is facing some longer-term challenges - from low growth, low inflation and low interest rates," Powell added.

  • The odds of a Fed rate cut in October slipped to 77% from 87% a day earlier on Friday, according to Investing.com's Fed Rate Monitor Tool after upward revisions to job gains in the prior months and a jobless rate at a 50-year low failed to support the recession narrative.

Latest comments

Easy! Raise the minimum wage dummies!
Do that....and businesses will raise their prices too...no effect.
Go long on oil, put it up to the sky. Inflation guaranteed.
has the FED considered forming a committee to study whether or not they could turn themselves into pink elephants? I think that would benefit our world greatly as we could put them in a freakshow and use the proceeds to pay off the national debt.
The fact that they are trying to get 2% inflation is a total joke and down right robbery. In 10 years you will have lost 20% of your purchasing power. This will absolutely devistate people on a fixed income. Not to mention that actual inflation is already higher than 2% and that is a fact.
“Lets raise the cost of living and wage war on the middle class” in summary
An ailing economy = manufacturing PMI;15% ? of GDP, Services PMI 52.6%, 136,000 employment - 3.5% UI. We can not say it is an ailing economy.
When actually have a recession there will be no monetary or fiscal tools left and negative rates won't work plus Warren will win the White House. I kid you not. People have lost their minds and have no clue what WILL happen.
Fed's not revising goal?r. r. 10% UI, 6.5%, 3.5%r. r. Data dependantr. r. "Falling rates breathe life into " a ailing economy" and into market well in advance."r. r. This is not the case. Why Economy vs. market.r. r. 'Who ever drinks this water will never thirsty again." John 4;
Gotta either pay people more or loan out more money or make it cost people money to save it, that last one is kind of what it seems they want to focus on.  Jobs are plentiful, between my 5 kids and myself we have 13 jobs.  While no on is struggling, none of my kids are looking to buy a house/car anytime soon.. . . Seems the Fed knows there's an issue, I'm not hearing them even mention the additional nearly 200 billion why/what they added to their balance sheet last 5 weeks, it's like a secret/not secret (just don't tell anyone) QE... so much for QT.
5 kids psh.. Jesus there's your problem..
Is this good or not to USD?
Unit labor cost = wage - productivity. vs. corporate tax cuts, trade war, 4-5% accelerated growth projection. 2% inflation target have been high jacked by markets and politicians according to 5% savings interest rate when 3.5% UI 50 yr. low. We, Christians like low inflation statistically. Why don't you dovish Fed change goals?
That means lowering rates..
No
Yes
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