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Fmr. Treasury Secretary Yellen: Markets rely on the independence of the Fed
CNBC Television· 2025-07-22 14:00
Look, importantly, uh, markets rely on the independence of the Fed and the Fed's commitment to achieving its congressionally mandated goals of price stability and maximum employment in uh, assessing the soundness of the US economy and their security in terms of um, returns they can expect investing in the United States. And when a president threatens to remove a chair unless he radically lowers interest rates with the stated purpose um of helping the government finance its borrowing um not the congressional ...
Fmr. Treasury Secretary Yellen: Fed chair must make fact-based judgements, stay out of politics
CNBC Television· 2025-07-22 13:34
Monetary Policy & Economic Goals - The Fed is mandated to pursue price stability and maximum employment [1] - Fed officials should make fact-based judgments [1] - The Fed aims to stay out of politics and avoid short-term political pressures [2] - The Fed strives to behave in a nonpartisan way [2] Inflation & Labor Market - US inflation is coming down and approaching the Fed's 2% goal [3] - The US unemployment rate is at 4.1% [3] - The post-pandemic surge in price pressures was experienced by the US and other developed countries [3] Fed's Independence & Track Record - The Fed has generally maintained independence over decades [2] - The Fed's track record has been successful [2]
Chair Powell says "there's a lot going on"
Bloomberg Television· 2025-07-01 20:37
how we're going to look back on 2025. Yeah. How will historians look back on this year.Is it pivotal. Uh it's clearly an important it's an important year. There's uh there's a lot going on, you know, with trade and uh I think I'm hopeful that we'll look back on it as a as a year that where we sign signific successfully challenged some significant economic changes and you know our job is to make sure that that is the case.you you get attacked by by the president a lot on a personal basis. Does it make your j ...
Powell: "I have 10 months left on my term as chair."
Yahoo Finance· 2025-07-01 19:50
Monetary Policy Goals - The Fed aims to achieve price stability, maximum employment, and financial stability [1] - The primary concern is whether the current path will lead to achieving these goals [1] Leadership Transition - The current chair has a little more than 10 months left in their term [1] - The goal is to hand over a healthy economy to the successor [1] Future Plans - No information is available regarding the chair's plans after the term expires [1]
Fed’s Powell: Full Statement to House Financial Services Committee
Bloomberg Television· 2025-06-24 14:43
The Federal Reserve remains squarely focused on achieving our dual mandate goals of maximum employment and stable prices for the benefit of the American people. Despite elevated uncertainty, the economy is in a solid position. The unemployment rate remains low and the labor market is at or near maximum employment.Inflation has come down a great deal but has been running somewhat above our 2% longer run objective. We are attentive to the risks on both sides of our dual mandate. I will review the current econ ...