Fed chief Jerome Powell shows he's thinking about how lower immigration factors into the U.S. labor shortage, but he stops short of pushing Congress to act.

Topics:  jerome powell   u.s    congress   fed   immigration   
BING NEWS:
  • Powell says Fed is ready to cut rates if inflation falls quickly
    Federal Reserve Chair Jerome Powell was tight-lipped at his press conference Wednesday, having been stung previously by too much optimism.
    06/12/2024 - 11:11 am | View Link
  • Instant Reaction: Jay Powell on Fed Policy
    Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz deliver insight and analysis on the latest headlines from the White House and Capitol Hill ...
    06/12/2024 - 9:09 am | View Link
  • The Fed now expects just one interest rate cut this year — but there's still time for that to change, Powell says
    The Federal Reserve held interest rates steady on June 12, with Powell leaving the door open for a rate cut in September.
    06/12/2024 - 8:36 am | View Link
  • Transcript: Fed Chief Jerome Powell’s Postmeeting Press Conference
    Fed Chair Jerome Powell discussed the central bank’s decision to hold interest rates steady, its efforts to lower inflation to 2% and the outlook for the economy and labor market, during a press ...
    06/12/2024 - 8:25 am | View Link
  • Fed Slow-Walks Rate Cuts As Powell Reveals This Worry, But CPI Saves The S&P 500
    The Federal Reserve ends its two-day meeting at 2 p.m. ET, with policymakers releasing their latest quarterly projections on Fed rate cuts. Wall Street expects the latest Fed "dot-plot" to pencil in ...
    06/12/2024 - 7:16 am | View Link
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