FOMC Chairman Jerome Powell comments on the political outlook following the Federal Reserve’s decision to raise the interest rate by 75 basis points to the 3.75-4% range after the November monetary policy meeting.
Featured Statements
“If we go overboard, we can use our tools to respond.”
“We want to make sure we don’t make the mistake of not tightening enough or loosening too early.”
“If we don’t tighten enough, inflation could take hold.”
“As we get into restrictive territory, it will be convenient to think more about lags.”
“It’s too early to think about a pause, too early to even talk about it.”
“We will post in December an updated sense of where rates will need to go.”
Source: Fx Street
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