HYGO News Q: why not lower interest rates? Powell: forecast inflation, June, July, August; Sec VA: not fired
Q: why not lower interest rates? Powell: forecast inflation, June, July, August; Sec VA: not fired
Rep. Bill Huizenga asks why the fed hasn’t lowered some interest rates?
Fed Chair Jerome Powell: “The reason we’re not is the forecast by all professional forecasters that I know of on the outside and the fed do expect a meaningful increase in inflation over the course of this year.”
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Exchange between Senator Baldwin & Sec Vet Affairs on personnel retention.
Baldwin: They were let go.
Collins: Not from things we’ve done
Baldwin: They’re not there…
Collins: There’s no one being fired. They may have left for other reasons but they’re not being fired.
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Rep Haridopolos: “How many months of steadiness do you need before you might look at an even larger rate cut…?”
Fed Chair Powell: “I would say we’d expect to see meaningful effects June, July, August. And if we don’t, we’ll be learning something.”
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Rep Jeffries on delayed Iran briefing: “Why are Republicans hiding facts and the the truth from America with respect to the possibility that their actions will drive us into another catastrophic war in the Middle East.”
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Q: why not lower interest rates? Powell: forecast inflation, June, July, August; Sec VA: not fired
Key Points
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Rep
- Bill Huizenga asks why the fed hasn’t lowered some interest rates
- Fed Chair Jerome Powell: “The reason we’re not is the forecast by all professional forecasters that I know of on the outside and the fed do expect a meaningful increase in inflation over the course of this year
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