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
“We expect supply and demand conditions in the labor market to become more balanced over time.”
“Inflation remains well above our 2% target.”
“Pricing pressure is evident across a wide range of goods and services.”
“Participants continue to see upside risks to inflation.”
“No reason for complacency on inflation“.
“Very attentive to the risks of inflation.”
“In the coming months, we will look for convincing evidence that inflation is coming down“.
Source: Fx Street
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