Fed Chair Powell (Q&A) says real wages have been rising, will take some years of real earnings gains for people to feel good again
Fed Chair Powell's remarks indicate a commitment to addressing inflation, noting that rising real wages still leave many feeling financially strained.
Fed Chair Powell (Q&A) says he never thought he'd see this many years of high productivity; says generative AI will feed into that; not yet sure if we are seeing effects of AI in productivity
Fed Chair Powell (Q&A) says lots of ways oil prices can feed into prices, can leak into core; will have to wait and see
Fed Chair Powell (Q&A) says real wages have been rising, will take some years of real earnings gains for people to feel good again
EU official says EU Foreign Policy Chief Kallas spoke to Iranian Foreign Minister this morning about impact of war on freedom of navigation in the Strait of Hormuz
US knew Israel planned to strike an Iranian gas field, but did not take part, according to an AP source
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- People are feeling squeezed, makes Fed more committed to bringing inflation down
This sentiment suggests the Fed may maintain a hawkish stance in its policy approach, affecting both interest rates and the USD's performance in the forex market.
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