FOMC Chairman J.Erome Powellis commenting on the political outlook following the Federal Reserve’s decision to raise the official interest rate by 75 basis points, to the 2.25-2.5% range.
Featured Statements
“The 75 basis point decision was correct in light of the data, but we would not hesitate to make a larger move if appropriate“.
“Very broad support for a movement at this meeting.”
“Inflation has continued to disappoint.”
“We have moved quickly to reach neutrality.”
“Our focus is going to continue to be to get supply and demand to be better balanced.”
“We will be keeping an eye on incoming data, including whether we are seeing a slowdown in economic activity that we think we need.”
“There are indications that we are seeing it now.”
“We will be keeping an eye on inflation.”
“Our mandate is headline inflation, but we look at core as a better reading.”
“We will ask ourselves if policy is tight enough to bring inflation back on target.”
“It is likely that the full effect of the rate hikes has yet to be felt.”
“The Committee considers, in general, that a moderately restrictive level must be reached.”
“For September, we will make the decision based on the data.”
“Time to go on a meeting-by-meeting basis and not provide clear guidance like before“.
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.
