The president affirmed a “laser focus on addressing inflation” as he met with Federal Reserve Chairman Jerome Powell and Treasury Secretary Janet Yellen.
The president outlined an inflation-fighting strategy ahead of a meeting with Fed Chairman Jerome Powell.
Inflation in the bloc reached an annual 8.1% in May, underlining the costs to European households of Russia’s war in Ukraine.
Overnight rate is predicted by economists to rise to 1.5% from 1.0%
NEWSLETTERS
Global Calendar
TODAY WEDNESDAY, JUN 1
- Bank of Canada interest rate announcement
- U.S. construction spending for April
- Job Openings and Labor Turnover (JOLTS) Survey for April
- ECB’s Panetta speaks at meeting of Euro Accession Countries Working Group of European Parliament
- New York Fed’s Williams speaks on ‘Monetary Policy Implementation and Digital Innovation’
Data & Interactives
Use this tool to compare the latest Fed statement with its immediate predecessor and see where policy makers have updated their language.