Following the Federal Open Market Committee (FOMC) decision to keep the monetary policy rate unchanged and reduce asset purchases by $ 15 billion a month, the FOMC president, Jerome Powell, is offering his comments on the prospects for the policy.
Featured statements
“If we see the need to deviate from the reduction plan, we will make it transparent.”
“We would not surprise the markets if we had to change the pace of the downsizing.”
“We would telegraph any changes transparently.”
“The level of inflation that we have at the moment is not at all consistent with price stability.”
“We will use our tools as appropriate to control inflation.”
“This is not a good time to raise interest rates because we want to give the job market time to recover even more.”
“Transitional means it will not outgrow persistently higher inflation.”
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