FOMC Chairman Jerome Powell he said on Thursday that they need to act frankly and firmly on inflation, Reuters reported.
Other comments
“We have to keep going until we get the job done.”
“My message is that the Fed has and accepts responsibility for price stability.”
“The longer inflation remains above target, the higher the risk.”
“History warns against premature policy easing.”
“We are strongly committed to reducing inflation.”
“We will not be influenced by political considerations.”
“We focus solely on our mandate.”
“The public’s inflation expectations play an important role.”
“It is very important that inflation expectations remain well anchored.”
“Today they are pretty well anchored in the long term.”
“In the short term, the clock is ticking and more concerns the public will incorporate higher inflation expectations.”
“Wages remain at high levels.”
“We expect to get a period of below-trend growth.”
“We believe that with our policy measures we will be able to bring growth below trend and bring the labor market back to a more balanced position.”
“In the most recent report on the labor market, a positive increase in the participation of the active population has been seen.”
“My view is that the dual mandate has served the public well, it’s generally workable.”
“I don’t see the case for moving to a single mandate.”
“I would not like to see the current mandate shortened or extended.”
“It’s really important that we stick to the tasks that have been assigned to us, and not take on issues that would be better reserved for Congress.”
market reaction
The USD gains strength against its rivals following these comments and the US Dollar Index was last up 0.6% on the day to hit 110.20.
Source: Fx Street
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