FOMC President Jerome Powell is presenting his comments on the US economy and policy prospects at the jobs summit of the Wall Street Journal.
Featured statements
“We will not raise interest rates to cool the economy just because employment increases.”
“The Fed is committed to returning to a strong job market.”
“High inflation is a very bad situation; the Fed will not allow it to happen again.”
“In the next year or so, prices are more likely to go up, but not stay high, and certainly not high enough to move inflation expectations above 2%.”
“We are committed to staying on the playing field with our tools until the job is actually done.”
“It’s good to be where we are relative to what we expected a year ago at this point.”
“If we can end the pandemic, we can get back to normal and avoid long-term damage.”
“The next few months will be very important for the pandemic.”
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