Jerome Powell, Chairman of the Federal Reserve Systemdelivers his comments on the outlook for monetary policy at the press conference following the FOMC’s decision to raise the policy rate by 50 basis points in May.
Featured Statements
“Supply disruptions have been larger and longer lasting than anticipated.”
“The Ukraine war is likely to constrain economies abroad and create a spillover effect in the US.”
“We are well aware that high inflation causes difficulties.”
“We are very attentive to the risks caused by inflation on both sides of the mandate.”
“Our policy has been adapting, it will continue to do so.”
“We believe that continued increases in interest rates will be appropriate“.
“Balance sheet reduction will also play an important role“.
“We’re on the way to moving the policy rate without delay to more normal levels“.
Source: Fx Street
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