Jerome H. Powell, the chair of the Federal Reserve, addressed the September Federal Open Market Committee (FOMC) meeting. The meeting focused on maintaining the current monetary policy stance, which continues to be data-dependent, with a focus on inflation. Powell emphasized the need to control inflation while supporting economic growth. The committee decided to hold steady on interest rates, indicating a cautious approach to potential future increases. Discussions centered on monitoring economic indicators and adjusting policy as needed to achieve a balance between these goals.
Credits: NYT > Top Stories