The FOMC Chairman Jerome Powellis commenting on the political outlook following the Federal Reserve’s decision to raise the interest rate by 75 basis points to the 3-3.25% range after the September policy meeting.
Featured Statements
“Pace of rate hikes will depend on data and outlook“.
“At some point, it will be convenient to slow down the pace of rate hikes.”
“We will continue to make decisions meeting by meeting“.
“It is likely that we will need a restrictive policy for some time.”
“The dot plot projections do not represent a plan or a commitment.“.
“We are taking strong and swift action.”
“Reducing inflation will likely require a sustained period of below-trend growth.”
“We’ll keep working until we’re sure the job on inflation is done.”
“We will do everything possible to achieve our goals.”
Source: Fx Street
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