Fed Chairman Jerome Powell he said on Thursday that what matters for inflation is how long the oil price rise lasts, Reuters reported.
Featured Statements
“Right now we have substantial excess demand.”
“The labor market is overheated.”
“There’s a lot we can do to reduce demand without risking harm.”
“I hope to bring the economy to a level where demand and supply are in sync.”
“The $10 increase in oil is about 0.2% inflation as a general rule of thumb.”
“We want the balance sheet to go down predictably in the background.”
“We really don’t want a spiral of wages and prices.”
“We don’t want inflation to perpetuate itself.”
“We don’t want inflation to take root or be self-perpetuating.”
“That’s why we’re moving forward with rate hikes.”
“Variant for variant, the economy has gotten better at handling Covid-19.”
“We are embarking on a series of rate increases this year and certainly in the future.”
“We will also reduce the balance sheet.”
“At the next meeting, we will establish a rhythm for the second round of the balance.”
“We like to have buffers so the runoff is not volatile.”
“We will establish the second round so that it does not disturb the markets.”
Source: Fx Street
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.
