The Federal Reserve’s Chair, Jerome Powell, has indicated that it may be time to reevaluate the central bank’s monetary policy strategy and communication methods. This comes amid challenges posed by ‘supply shocks’ which have influenced long-term interest rates and complicated policy decisions. As the Fed revisits its approach, particular attention is being paid to the job market and the implications of persistently low interest rates. Powell’s remarks signal a potential shift in the Fed’s framework language for 2020 and beyond.
— new from Axios
