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Mar 20, 2024 · The Committee decided at today’s meeting to maintain the target range for the federal funds rate at 5¼ to 5½ percent and to continue the process of significantly reducing our securities holdings.
Mar 21, 2024 · Powell said “we continue to make good progress in bringing inflation down,” but it has become evident there are some persistent price pressures in housing and the services sector. That could be...
Feb 5, 2024 · Federal Reserve Chair Jerome Powell gives his thoughts on inflation risks, the economy, the timeline for cutting rates, the health of the country's banks and more. Scott Pelley reports.
- Pelley
- 13 min
- Correspondent, 60 Minutes
May 22, 2024 · But at a news conference just after the meeting, Chair Jerome Powell said it was “unlikely” that the Fed would resume raising its benchmark rate — a remark that temporarily boosted financial...
May 1, 2024 · The Federal Reserve left interest rates unchanged and Jerome H. Powell, the central bank’s chair, said that gaining greater confidence in bringing down inflation would “take longer than ...
- Jeanna Smialek
May 1, 2024 · Turning to our balance sheet: The Committee decided at today’s meeting to slow the pace of decline in our securities holdings, consistent with the plans we released previously. Specifically, the cap on Treasury redemptions will be lowered from the current $60 billion per
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Since early last year, the FOMC has significantly tightened the stance of monetary policy. We have raised our policy interest rate by 5¼ percentage points and have continued to reduce our securities holdings at a brisk pace. The stance of policy is restrictive—meaning that