Jerome Powell, the Federal Chairman (United States) (United States), repeated that he does not need to be in a hurry to control monetary policy in his notes prepared for delivery on the first day of his testimony in half of it- the annual monetary policy report before the Banking Committee in Senate.
Pollete of fast food certificates
“Politics is in a good position to deal with risks and doubts.”
“We can maintain policy control longer if the economy remains strong and inflation does not move about 2 %.”
“We can reduce policy if the labor market is unexpectedly weakening or inflation drops more quickly than expected.”
“The United States is generally strong; inflation is closer to a 2 % target but it is somewhat high.”
“The FBI’s framework review will not include focusing on the purpose of inflation, which will remain 2 %.”
“The Federal Reserve will conclude a framework review by late summer.”
This section was published below as an inspection of the testimony of the Federal Reserve Chairman Jerome Powell at 10:00 GMT.
- Jerome Powell’s testimony in the US Congress will be a great event to move the market this week.
- New evidence is awaiting the course of the federal backup interest.
- The US dollar, stock markets and other asset classes can see great fluctuations with the words of the Federal Reserve Chair.
Jerome Powell, Chairman of the Federal Reserve of the United States (United States), will submit a semi -annual monetary policy report and a certificate before the Senate Banking Committee on Tuesday. The session will start, entitled “Semi -annual monetary policy report to Congress”, at 15:00 GMT and will have a full attention to all players in the financial market.
Jerome Powell is expected to treat the main meals for the monetary policy report for the semi -annual federal reserve, which was published last Friday. In this report, the Federal Reserve indicated that the financial conditions still show “somewhat restricted” and reiterated that policymakers would gain data when making a decision on future policy movements.
In a long question and answers session, American actors are expected to ask Powell about the interest rate course, inflation developments, and economic expectations. They are also likely to inquire about how US President Donald Trump’s policies affect prices, growth prospects and monetary policy to move forward.
The Fedwatch Group CME explains that the markets are at a possibility of less than 10 % that the Federal Reserve will reduce the policy price by 25 basis points (BPS) in March after the reaffirmation of the recent employment report in the labor market.
In January, non -agricultural salaries (NFP) rose 143,000. Although this reading was less than the market expectations of 170,000, the American Labor Statistics Office (BLS) announced the upscale reviews of the previous NFP editions. “The change in the total recruitment of non -agricultural salaries for November was 49,000, from +212,000 to +261,000, and the change for December is 51,000, from +256,000 to +307,000 combined above 100,000 than what I mentioned Previously, “I noticed BLS in its press statement.
The market situation indicates that the US dollar (USD) does not remain a lot of space on the upper side even if Powell confirmed that he will keep this policy unchanged in March. On the other hand, the US dollar can be subjected to the pressure pressure if Powell adopts an optimistic tone about inflation expectations and leaves the door open to reduce the rate of the next policy meeting.
Customs fees are common questions
Customs duties are useful customs duties on some imports of goods or a category of products. Customs duties are designed to help local producers and manufacturers to be more competitive in the market by providing the price feature on similar goods that can be imported. Definitions are widely used as fever tools, along with commercial barriers and import shares.
Although customs tariffs and taxes generate government revenues to finance public goods and services, they have many differences. Customs duties are pre -paid in the entry port, while taxes are paid at the time of purchase. Taxes are imposed on individual taxpayers and companies, while customs duties are paid by importers.
There is a school of thought between economists regarding the use of definitions. While some argue that definitions are necessary to protect local industries and address commercial imbalances, others see them as a harmful tool that can push prices up in the long term and lead to a harmful commercial war by encouraging customs tariffs.
During the period before the presidential elections in November 2024, Donald Trump explained that he intends to use the customs tariff to support the American economy and American producers. In 2024, Mexico, China and Canada accounted for 42 % of the total imports of the United States. During this period, Mexico emerged as the best source with $ 466.6 billion, according to the American Statistical Office. Thus, Trump wants to focus on these three countries when imposing definitions. It is also planned to use the revenues created by definitions to reduce personal income taxes.
About Jerome Powell (via Federralreservice.gov)
“Jerome H. Powell took office as head of the Conservative Council in the Federal Reserve System on February 5, 2018, for a period Federalism, the main monetary policy -making body.