Tag: National Association for Business Economics

Economy and TradingEnergy Policy

Fed Chair Powell Acknowledges MBS Purchases May Have Continued Too Long During Housing Boom

Federal Reserve Chair Jerome Powell has offered his clearest reflection yet on the Fed’s pandemic-era mortgage bond buying program. Speaking at a business economics conference, Powell suggested the central bank may have kept purchasing mortgage-backed securities for too long during the housing market surge.

Fed Chair Reflects on Pandemic-Era Mortgage Security Purchases

Federal Reserve Chair Jerome Powell has acknowledged that the central bank may have continued purchasing mortgage-backed securities for too long during the pandemic housing boom, according to his remarks Tuesday at the National Association for Business Economics meeting in Philadelphia. Powell offered what analysts suggest is his clearest reflection to date on the Fed’s pandemic-era mortgage bond buying program during his speech.

by Natalie Brooks
Economy and TradingPersonal Finance

Federal Reserve Signals Rate Cuts as Powell Acknowledges Shifting Economic Priorities

Federal Reserve Chair Jerome Powell delivered his clearest signal yet that rate cuts are approaching, acknowledging rising unemployment risks alongside cooling inflation. The shift in tone sparked immediate market enthusiasm, with investors anticipating potential parabolic moves in the fourth quarter.

In a significant departure from his typically cautious communication style, Federal Reserve Chair Jerome Powell delivered what markets interpreted as the strongest signal yet that monetary policy easing is on the horizon. During his Tuesday address to the National Association for Business Economics, Powell acknowledged mounting “downside risks to unemployment” while suggesting the central bank may need to move toward a more neutral policy stance.

Powell’s Pivotal Policy Shift

by Natalie Brooks