Fed Chair Jerome Powell says interest rate cuts likely 'at some point in 2024'
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2024-03-06に共有
The central bank boss covered a number of topics during three hours of testimony before the House Financial Services Committee, touching on everything from immigration to commercial real estate to housing.
Two subjects dominated, however: monetary policy and bank regulation.
Powell made it clear he still expects cuts "at some point this year" even after some hot readings on inflation while also cautioning that the Fed would take its time.
"We want to see a little bit more data," he added during the question-and-answer session.
Powell also clarified Wednesday that he expects "broad and material" changes to a proposed Fed rule that would require the biggest US lenders to hold greater buffers against future losses.
The rule, the most aggressive change to how banks are regulated since the aftermath of the 2008 financial crisis, has been criticized by Republicans, some Democrats, and many banks.
"It's more important that we get this right than we do it fast," he said of that proposal, known as the Basel III endgame.
He didn't rule out heeding calls to pull back the idea and start over with a re-proposal.
"If that turns out to be the appropriate thing, we won't hesitate to do it," Powell said.
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コメント (16)
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These people can lie with absolutely no pause.
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I say we just stop freaking working for corporate America 🇺🇸
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Its a crazy world ,when the people who cause all the problems ,then sit down point the finger and blame each other .
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This is such a side show.. Inflation is currently @ 40%
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28:10 explain ?
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JPow. Tell us about the printer being turned on again.
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Does the Fed have shareholders that profit from the issuance of the debt note FRN? Please can anybody answer this?
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Fire Powell and get rid of the Fed. Let the markets take care of themselves. The banking market and money market can take care of itself.
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Who's the lady seating in the back 1:50:00
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It seems like we're discussing everything but the root of the problem. Yes, there need to be new homes coming on the market to increase supply, and the Fed needs to do more. However, there are some bad actors in the housing market. Actors include Referral companies Zillow Group, iBuyer Open-door Technologies Inc., and Hedge fund single-family home renter Tricon Residential Inc./Blackrock Inc., and Pretium Partners. These actors are not only hurting the housing market they are putting a drag on the entire economy. Let’s take housing away from Wall Street and put it back in the hands of our local communities where it rightfully belongs.
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I encourage every one to turn this garbage off and put on a Manly P Hall lecture on!
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Bitcoin, our store of value 🎉
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I believe that Jerome Powell is very weak to handle his job, Greenspan was 10 times better, why is he staying at his job
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A bill needs to be created to address things like HOAs. (Home owner association fees) There are currently no bills or regulations on the state level regarding this. HOAs impact housing cost and need to be regulated.
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Blah Blah you care nothing for the middle class and their investments!
