We would be concerned about the persistent adjustment of financial conditions

FOMC President Jerome Powell is presenting his comments on the US economy and policy prospects at the Wall Street Journal jobs summit.

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“We would be concerned about a persistent adjustment in financial conditions.”

“We would be concerned if we did not see orderly conditions in the financial markets.”

“To consider raising interest rates, we would have to see maximum employment, 2% inflation and above that.”

“The timing of the rate hikes would depend entirely on meeting those conditions.”

“We intend to use our tools to keep inflation expectations anchored.”

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