Fed Chairman Jerome Powell he said in a speech on Monday that he does not see a high probability of a recession in the coming year, Reuters reported.
Additional remarks:
“It’s hard to say what the economy will look like in the wake of recent events, but no one is sitting around waiting for the old regime to return.”
“Climate change policy could affect relative price changes.”
“It’s a strong economy.”
“The economy can handle a less accommodative monetary policy.”
“This is a labor market that is unbalanced.”
“It’s a great job market for workers, but we need to make it sustainably tight.”
“The strong labor market could be more sustainable if demand were brought back in line with supply.”
“You could argue that labor shortages will drive more investment…I think that will happen in the service industry.”
“That could boost productivity and make high wage increases more sustainable.”
“Financial conditions have tightened since the end of last year.”
“We want to go back to a place that is far from highly accommodative conditions.”
“In the medium term, I don’t see a conflict between the employment and inflation targets.”
“The best thing we can do to maintain a strong labor market is to stabilize prices.”
“I tend to look at the shortest part of the yield curve, not the 2-10 year one.”
Source: Fx Street
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