US Federal Reserve Chair Jerome Powell
Commentary: Powell pivots to patience
By Darrell Delamaide in Washington
US Federal Reserve Chair Jerome Powell wanted to make sure everyone understood that the Fed has changed its stance and that patience is the new byword. Not gradual rises in interest rates, not balanced risks, but patience. The consensus statement following the Federal Open Market Committee meeting on January 30 included the word ‘patient’ with regard to any future ‘adjustments’ in monetary policy, given ‘muted inflation pressures’. Other policy-makers made similar remarks in January, so much so that the FOMC began to resemble an echo chamber.
Read the full commentary on the website.
Meeting: Euro area integration or disintegration
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Thursday 21 February, London, 14:45 GMT
Hans Vijlbrief, president of the Eurogroup Working Group, who helps coordinate economic policies among euro area member states, discusses some of the key challenges facing the bloc, including low economic growth, a poor investment climate and the increasing popularity of non-mainstream political parties.
Request to attend the meeting.
