Powell Says Public’s Understanding Key to Fed Impact on Economy
- Central bank chief addresses economic educators in Washington
- Powell doesn’t comment on economic policy in Thursday speech
Jerome Powell
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The Federal Reserve’s ability to influence the economy depends on whether “people understand what we are saying,” Chair Jerome Powell said, highlighting the importance of work done by economic educators.
When Fed officials publish their projections for interest rates and the economy, “one of our goals is to influence spending and investment decisions today and in the months ahead,” Powell said in comments prepared for a town hall event with teachers in Washington Thursday.