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Fed's Powell: In housing, there are 'big lags' in data that may take 'several years' before improvements show up
MORE FED'S POWELL Q&A: IN HOUSING, FOUND THERE ARE 'BIT LAGS' IN DATA THAT MAY TAKE 'SEVERAL YEARS' BEFORE IMPROVEMENTS SHOW UP #Powell #FOMC #FederalReserve
— Mace News (@MaceNewsMacro) June 12, 2024
Added at 3:14pm
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MORE FED'S POWELL Q&A: CREDIT CARD DEFAULTS GOING UP BUT NOT AT HIGH LEVEL; HOUSEHOLD IN PRETTY GOOD SHAPE BUT NOT AS GOOD AS LAST COUPLE YEARS #Powell #FOMC #FederalReserve
— Mace News (@MaceNewsMacro) June 12, 2024
Added at 3:14pm
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POWELL: IF WE SEE UNEMPLOYMENT MORE THAN WE FORECAST, WE WOULD VIEW THAT AS UNEXPECTED WEAKENING
— First Squawk (@FirstSquawk) June 12, 2024
Added at 3:18pm
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Fed’s Powell: For Fed the dollar is “just another financial variable,” the currency has been strong but “we don’t think of it as benefitting or hurting the U.S.”
— Michael S. Derby (@michaelsderby) June 12, 2024