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The Board Of Governors Of

The Board of Governors of the Federal Reserve System voted unanimously to approve a 1/4 percentage point increase in the primary credit rate to 5.25 percent, effective

Following the Federal Reserve’s decision to increase interest rates by another 25 basis points, Fed Chair Jerome Powell

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The Fed - Monetary Policy: - Federal Reserve Board

To Begin His Comments

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To begin his comments, Powell first addressed the proverbial elephant in the room: the banking sector. Subsequently, Powellreferred to the industry as “sound and resilient.” While remarking that “conditions in that sector have broadly improved since early March.” Additionally, Powell noted that continued monitoring Ver más