Douglass Elliman Under Investigation for Insider Trading Following Failed Anywhere Takeover Bid in [Neighborhood]

Federal Reserve Chair Jerome Powell delivered a speech before the Greater Providence Chamber of Commerce in Warwick, Rhode Island yesterday, in which he warned of the challenges in balancing inflation and employment in the current economic climate. Powell described current rates as "modestly restrictive" and emphasized the need for careful policy decisions.

In his speech, Powell highlighted the competing pressures from employment and inflation, stating that there is "no risk-free path" in navigating this delicate balancing act. He also emphasized the importance of considering the impact of policy decisions on both the short and long-term economic outlook.

While acknowledging that the current economic conditions are favorable, Powell also warned of potential risks and uncertainties, such as trade tensions and geopolitical developments. He stressed the need for a flexible approach to monetary policy in order to adapt to changing economic conditions.

One of the main challenges for the Federal Reserve is the delicate balance between maintaining low unemployment and controlling inflation. Powell stated that the Fed's goal is to create a "sustainable level of maximum employment" while keeping inflation at a rate of around 2%.

"We don't have any evidence that inflation is moving above 2%," Powell said in response to a question about the potential for inflation to exceed the target rate. "But if we did get to that point, we would use our tools to keep inflation around 2%."

Overall, Powell's speech highlighted the complexities and challenges of monetary policy in the current economic climate, emphasizing the need for careful and thoughtful decision-making. As the Federal Reserve continues to monitor economic conditions and adjust policy accordingly, it remains to be seen how the delicate balance between inflation and employment will play out.