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
“Housing is significantly affected by the rate hike.”
“The housing market has to come back into balance.”
“From the point of view of financial stability, we have not seen a bad granting of home loans.”
“We don’t see financial stability problems in the housing sector.”
“So it’s a very different situation, with no apparent financial stability risks from housing.”
“We had thought that we would already have a better job offer.”
“Salaries are a mixed picture.”
“We continue to look for signs of gradual signs in the labor market, but it’s not obvious to me.”
“Wages are moving sideways right now, not down.”
“Vacancies haven’t gone down as much as we thought.”
“I don’t see the case for a real softening in the job market yet.”
“Wages have an effect on inflation, and vice versa.”
“Wages are not the main reason for inflation, you don’t see a spiral of prices and wages.”
Source: Fx Street
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