Real-time Financial News

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2024-11-01 Friday
  • 00:02:29

    Federal Reserve Chairman Powell: Spending more time on Capitol Hill than before.

  • 00:02:10

    Federal Reserve Chairman Powell: An independent Federal Reserve has broad bipartisan support.

  • 00:00:41

    Federal Reserve Chairman Powell: There are indeed different views within the FOMC, which is healthy.

  • 00:00:20

    Fed Chairman Powell: Hearing different viewpoints is very helpful in testing your own views.

  • 00:00:06

    Fed Chairman Powell: The interest rate decision is not fully finalized before the policy meeting.

  • 23:53:52

    Fed Chairman Powell: Things like this that surprise the market never happen for no reason.

  • 23:53:19

    Fed Chairman Powell: A surprise interest rate cut would be "no good".

  • 23:52:57

    Federal Reserve Chairman Powell: Letting the public understand what we are doing and why we are doing it can help our policies be more effective.

  • 23:51:18

    Fed Chairman Powell: Slowing balance sheet shrinkage has nothing to do with views on the economy.

  • 23:50:47

    Federal Reserve Chairman Powell: By slowing down the pace, we are trying to further reduce the balance sheet without causing damage.

  • 23:50:27

    Fed Chairman Powell: At some point, we will slow down the pace of balance sheet reduction.

  • 23:49:55

    Fed Chairman Powell: Slowing the pace of balance sheet shrinkage is not the main component of monetary policy.

  • 23:49:27

    Fed Chairman Powell: Our fiscal path is unsustainable and the sooner we get back on track, the better.

  • 23:49:00

    Fed Chairman Powell: We will use our policy tools to achieve our designated goals.

  • 23:47:57

    Fed Chairman Powell: If the public believes you can lower inflation, it will be easier to achieve that goal.

  • 23:47:44

    Federal Reserve Chairman Powell: Credibility on inflation and focusing on our work are crucial.

  • 23:47:19

    Federal Reserve Chairman Powell: If we become politicized, we are no longer the Federal Reserve.

  • 23:46:34

    Fed Chairman Powell: There is no reason to think the economy is at or on the verge of recession.

  • 23:44:33

    Federal Reserve Chairman Powell: The possibility of an economic recession is not high at the moment.

  • 23:44:04

    Fed Chairman Powell: We have an opportunity to lower inflation amid a strong economy.

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