During his appearance before the Senate Banking, Housing and Urban Affairs Committee on Wednesday, Mr. FOMC Chairman Jerome Powellsaid that the continued rises in interest rates will be appropriate.
Featured Comments
“The Fed is strongly committed to reducing inflationmoving quickly for it.”
“The pace of future rate hikes will continue to depend on incoming data and developments in the economic outlook”
“We will make our decisions meeting by meeting.”
“It is essential that inflation slows for the US to have a sustained period of strong labor market conditions that benefit all Americans.”
“The available data for May suggest that core inflation probably remained at the annual pace of 4.9% in April or was slightly reduced.
“The Fed’s overall objective is to return inflation to the 2% target and keep long-term inflation expectations well anchored.”
“Inflation is exacerbated by long-term supply chain constraints, Russian invasion of Ukraine; Covid lockdowns in China likely to exacerbate supply chain issues.”
“Recent data suggests that real GDP rebounded in the current quarter, consumer spending remains strong.”
“Corporate fixed investment growth seems to be slowing, the housing sector seems to soften in part due to the increase in mortgage rates.”
“Tighter financial conditions should continue to dampen growth, helping to balance demand and supply.”
“Demand for labor is very strong, while labor supply remains subdued, with the labor participation rate little changed from January.”
“Faced with the rapidly changing economic environment, our policy has been adapting and will continue to do so.”
“Financial conditions have tightened significantly, reflecting both actions taken so far and anticipated.”
“The Fed will continue to communicate its thinking as clearly as possible.”
“Inflation has clearly surprised to the upside and more surprises could follow; the Fed will need to be agile to respond to incoming data and outlook developments.”
“The economy is very strong and is well positioned to handle tighter monetary policy.”
Source: Fx Street
With 6 years of experience, I bring to the table captivating and informative writing in the world news category. My expertise covers a range of industries, including tourism, technology, forex and stocks. From brief social media posts to in-depth articles, I am dedicated to creating compelling content for various platforms.
