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Fed's Powell: Full effects of rapid tightening yet to be felt
POWELL: FULL EFFECTS OF RAPID TIGHTENING YET TO BE FELT
— *Walter Bloomberg (@DeItaone) February 1, 2023
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Fed’s Powell:
— *seven (@sevenloI) February 1, 2023
- 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
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Fed’s Powell:
— *seven (@sevenloI) February 1, 2023
- 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
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Fed’s Powell:
— *seven (@sevenloI) February 1, 2023
- 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
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FED'S POWELL: LONGER-TERM INFLATION EXPECTATIONS REMAIN WELL ANCHORED
— PiQ (@PriapusIQ) February 1, 2023
- https://t.co/wXVagA44VK