Fed eral Reserve Chairman Jerome Powellspeaks at a moderated discussion with De Nederlandsche Bank President Klaas Knot at the Foreign Bankers' Association's Annual General Meeting in Amsterdam. Key takeaways USeconomy has been performing very well. US economy has a very strong labor market. Households are in good shape financially. Consumer spending, business investment remain strong. Still there are labor shortages in many industries.
Fed FAQs What does the Federal Reserve do, how does it impact the US Dollar? Monetary policy in the US is shaped by the Federal Reserve . The Fed has two mandates: to achieve price stability and foster full employment. Its primary tool to achieve these goals is by adjusting interest rates. When prices are rising too quickly and inflation is above the Fed’s 2% target, it raises interest rates, increasing borrowing costs throughout the economy.
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