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Powell Press Conference.pdf

FOMCpresconf20181219.pdf
Preview of Powell Press Conference
🔗 Source: federalreserve.gov
📊 Size: 141 KB
👤 Author: Federal Reserve
⬇️ Downloads: 79

Summary

The US economy has been growing at a strong pace, with low unemployment and stable inflation. However, since September, some crosscurrents have emerged, including moderated growth in other economies and increased financial market volatility. The Federal Open Market Committee (FOMC) has modestly lowered its growth and inflation forecasts for next year, and now expects two interest rate increases in 2019, down from three previously expected. The target range for the federal funds rate has been raised to 2¼ to 2½ percent, and the FOMC will continue to monitor global economic and financial developments and assess their implications for the economic outlook.

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Description

The US economy has been growing at a strong pace, with low unemployment and stable inflation.

Technical Information

  • File Format: PDF
  • File Size: 141 KB
  • Pages: 22
  • Language: EN
  • Author: Federal Reserve
  • Total Downloads: 79
  • Last Updated: 4 weeks ago

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