Price stability

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Fed Chair Powell on Trump insults
CNBC Television· 2025-06-18 20:53
Look, I I from my standpoint, it's it's not complicated. What everyone on the FOMC wants is a good solid American economy with strong labor market and and price stability. That's what we want.We think our policy is well positioned to right now to to deliver that and and to be able to respond in timely way as the data lead us around. The economy's been resilient and part of that is our stance and uh again we think we're we're in a good place on that to respond to significant economic developments. That's wha ...
Powell: Best way to help housing is restoring price stability and supporting a strong labor market
CNBC Television· 2025-06-18 19:13
Economic Outlook - The economy is growing, with unemployment at 42% [3] - The economy is growing at an estimated rate of 15% to 2% [3] - Sentiment has increased from very low levels, but remains depressed [3][4] - The current monetary policy allows for timely responses to economic changes, with careful monitoring of data [7] Inflation & Tariffs - Inflation has cooled to roughly 2% despite tariffs [1] - There are concerns that tariffs could lead to demand destruction and slower growth, potentially keeping inflation low [7] - The likelihood of lower inflation due to tariffs is uncertain, requiring several months of cool inflation data to confirm [7] Housing Market - The housing market faces both short-term and long-term challenges, including a housing shortage and high rates [4] - Restoring price stability and maintaining a strong labor market are seen as the best approaches to support the housing market [5] Job Market - Overall labor force participation, wages, and job creation are at healthy levels [5] - There may be a very slow, continued cooling in the job market, but it is not currently troubling [6] Monetary Policy & Rate Paths - Rate paths are data-dependent and subject to high uncertainty [9][10] - Rate paths involving cuts suggest an expectation that cuts will become appropriate [9]