Fed Chair Powell (Q&A) says economy has surprised us with its strength; consumer spending is uneven across incomes, but good; ai is also benefiting the economy; growth is on a solid footing

Powell's comments suggest a hawkish tilt, indicating that the economy is performing better than expected, which could impact monetary policy considerations.

Newsquawk StaffPublished On the live feed at 8 more headlines followed before this page went public
Newsquawk headlinesUTC

Fed Chair Powell (Q&A) says don’t know the overall impact of AI; may see in the short-term jobs eliminated by AI capabilities

Fed Chair Powell (Q&A) says Fed continuing with making progress towards 2% will help lower-income affordability issues

Fed Chair Powell (Q&A) says economy has surprised us with its strength; consumer spending is uneven across incomes, but good; ai is also benefiting the economy; growth is on a solid footing

Fed Chair Powell (Q&A) says central bank independence has served the people well

Fed Chair Powell (Q&A) says it is not controversial that the path of US budget is unsustainable; the fiscal picture needs to be addressed

Open the platform and use it. The whole workspace is free to try, with no signup and no card. When you want the headlines arriving live instead of on a delay, Newsquawk Pro is £24.99 for 7 days.

Free. No signup, no card.
  • There has been a disconnect between downbeat surveys and actual spending data
Context

The mention of a disconnect between surveys and actual spending points to potential resilience in consumer behavior, implying that the Fed may maintain or adjust its rate path further. This could have spillover effects on the USD and fixed income markets as investors reassess rate expectations.

Related headlines

The whole workspace, free to try.

Try it free