Silver/NZD

tweet at 2:31pm: POWELL: FULL EFFECTS OF RAPID TIGHTENING YET TO BE FELT tweet at 2:31pm: Fed’s Powell: - We’ve Taken Forceful Actions Over Past Year - Full Effects yet to Be Felt - Have Covered a Lot of Ground, Full Effects yet to Be Felt - But We Have More Work to Do - Price Stability Is The Bedrock Of The Economy tweet at 2:32pm: Fed’s Powell: - We Continue to Anticipate Ongoing Increases Appropriate to Get to Sufficiently Restrictive Stance - We Will Likely Have to Maintain Restrictive Stance for Some Time - Economy Slowed Significantly Last Year - Consumer Spending Appears to Be Subdued tweet at 2:33pm: Fed’s Powell: - Housing Activity Continues to Weaken - Wage Growth is Elevated - Job Market Extremely Tight - Job Gains Have Been Robust - Labor Market Continues to Be Out of Balance - Pace of Job Gains Has Slowed and Nominal Wage Growth Too, but Labor Market Still Out of Balance tweet at 2:34pm: FED'S POWELL: LONGER-TERM INFLATION EXPECTATIONS REMAIN WELL ANCHORED - https://t.co/wXVagA44VK

tweet at 3:07pm: Fed’s Powell: According To Current Outlook, Will Not Be Appropriate For Rate Cuts This Year $DXY $USD #FOMC tweet at 3:08pm: FED'S POWELL: MARKETS EXPECT INFLATION TO COME DOWN QUICKER THAN WE DO. tweet at 3:08pm: Fed's Powell: - We See Continued Subdued Growth, No Recession, Inflation Coming Down Slowly - We Have a Different Forecast From Markets - I Don't See Us Cutting Rates if Our Outlook Comes True; if Inflation Comes Down Faster Than We Expect That Will Play Into Our Policy Decisions tweet at 3:11pm: Fed's Powell: - I Don't See Signs of a Wage Price Spiral - Agree With Brainard That No Wage-Price Spiral Seen - But Once You See It, It's Too Late - We Cannot Allow That to Happen - More Disinflation Could Give a Boost to Economic Activity tweet at 3:13pm: Fed's Powell: - Once Inflation Easing, Should See Cons. Sentiment Boost - Very Reasssuring That Short and Long Term Expectations Are So Well Anchored, That's Helpful to Getting Inflation Back Down - We Monitor Financial Conditions Carefully