This is the summary of the most important headlines from the Federal Reserve officials’ speeches: The Federal Reserve Governor Michelle Bowman said in a speech on February 11: She is comfortable with the current stance of monetary policy. The US economy is in a good place. I continue to see great jobs numbers and solid wage growth. Fed’s policy is in a good place. The Federal Reserve Chairman Jerome Powell said in a speech on February 12: Powell said he does not feel the probability of recession is at all elevated. Fiscal policy is more powerful, immediate than monetary policy. The US unemployment is close to a 50 year low. The US economy is good, but many groups are not experiencing prosperity yet. The US national-level data say the economy is good. Cleveland Federal Reserve President and the non-voting member of the rate-setting FOMC Loretta Mester said on February 13: Plans will be finalized for ending balance sheet runoff and completing balance sheet normalization at coming meetings. “We plan to continue to use our current operating framework for implementing monetary policy.” Fed balance sheet will be larger than it was before the 2008 financial crisis. Fed will make balance sheet plans and rationale known to the public in a timely way. The US economy will maintain good performance in 2019, though growth will slow. The US economy will make up 1st-quarter slowdown provided the US avoids the government shutdown. US inflation is likely to move below 2% in the first part of the year due to lower energy prices, but trend inflation essentially at Fed target. Monetary policy does not appear far behind or ahead of the curve. The US economy is probably a bit beyond maximum employment. Fed balance sheet roll-off has been gradual, not causing problems in markets. Mester said she has not changed her baseline forecast much. “We don’t have evidence of strong inflation pressures.” “We’re getting close to the neutral interest rate.” Kansas City Federal Reserve President and the voting member of the rate-setting FOMC Esther George said on February 13: My support for pausing interest rate hikes was to let Fed assess the impact of past hikes. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next UK Labour Brexit Spokesman Starmer: Labour Party will officially back Cooper amendment FX Street 3 years This is the summary of the most important headlines from the Federal Reserve officials' speeches: The Federal Reserve Governor Michelle Bowman said in a speech on February 11: She is comfortable with the current stance of monetary policy. The US economy is in a good place. I continue to see great jobs numbers and solid wage growth. Fed's policy is in a good place. The Federal Reserve Chairman Jerome Powell said in a speech on February 12: Powell said he does not feel the probability of recession is at all elevated. Fiscal policy is more powerful, immediate than monetary policy.… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.