Jerome H. Powell first took office as Chair of the Board of Governors of the Federal Reserve System on February 5, 2018, for a four-year term. He was reappointed to the office and sworn in for a second four-year term on May 23, 2022.

Aug 25, 2023 · Chair Jerome H. Powell. At “Structural Shifts in the Global Economy,” an economic policy symposium sponsored by the Federal Reserve Bank of Kansas City, Jackson Hole, Wyoming. Share. Watch Live

January 31, 2024 Chair Powell’s Press Conference FINAL . Page 2 of 27 . The labor market remains tight, but supply and demand conditions continue to come into better balance. Over the past three months, payroll job gains averaged 165,000 jobs per month, a pace that is well below that seen a year ago but still strong.

January 29, 2025 Chair Powell’s Press Conference FINAL . Page 2 of 27 . data indicate that total PCE prices rose 2.6 percent over the 12 months ending in December and that, excluding the volatile food and energy categories, core PCE prices rose 2.8 percent.

Nov 14, 2024 · Thank you to the World Affairs Council, the Federal Reserve Bank of Dallas, and the Dallas Regional Chamber for the kind invitation to be with you today. I will start with some brief comments on the economy and monetary policy.

Aug 23, 2024 · Chair Jerome H. Powell. At “Reassessing the Effectiveness and Transmission of Monetary Policy,” an economic symposium sponsored by the Federal Reserve Bank of Kansas City, Jackson Hole, Wyoming. Share. Watch Live

Apr 3, 2024 · I will begin with the economy and the road ahead for monetary policy before briefly discussing the Federal Reserve's monetary policy independence. Over the past year, inflation has come down significantly but is still running above the …

Jul 31, 2024 · CHAIR POWELL. I, I think it’s just a question of seeing more good data. We have seen—the last couple of readings have, have certainly added to confidence. And we’ve seen progress across all three categories of core PCE inflation—that’s goods, nonhousing services, and housing services.

Oct 19, 2023 · Geopolitical tensions are highly elevated and pose important risks to global economic activity. Our institutional role at the Federal Reserve is to monitor these developments for their economic implications, which remain highly uncertain. Speaking for myself, I found the attack on Israel horrifying, as is the prospect for more loss of innocent ...

Nov 30, 2022 · Price stability is the responsibility of the Federal Reserve and serves as the bedrock of our economy. Without price stability, the economy does not work for anyone. In particular, without price stability, we will not achieve a sustained period of strong labor market conditions that benefit all.