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Fed's Powell: We haven't made a decision yet on terminal rate
POWELL: WE HAVEN'T MADE A DECISION YET ON TERMINAL RATE
— *Walter Bloomberg (@DeItaone) February 1, 2023
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Fed’s Powell:
— *seven (@sevenloI) February 1, 2023
- Seps in March Could Be Higher Than December, Could Be Lower, Depends on Data
- Could Certainly Be Higher Than What We Though in December
- If Data Comes in Weaker, Will Make Data-Dependent Decisions
- Very Difficult to Manage the Risk of Doing Too Little on Rates
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Fed’s Powell:
— *seven (@sevenloI) February 1, 2023
- We Don't Want Inflation Springing Back
- Very Difficult to Manage the Risks of Doing Too Little on Rates
- We Have No Desire to Overtighten, but We Have Tools That Would Work on That if We Do
- The Job is Not Fully Done
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Fed’s Powell:
— *seven (@sevenloI) February 1, 2023
- Inflation is Core Services Ex Housing is Still Running at 4%
- In Other Sectors, You Have a Credible Story on Disinflation
- Would Be Very Premature to Declare Victory on Inflation
- Don't Feel A Lot Of Certainty About May FOMC Meeting
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FED'S POWELL: WE STILL HAVE A LOT OF WORK TO DO UNTIL WE SEE ALL ASPECTS OF INFLATION COMING DOWN.
— Breaking Market News (@financialjuice) February 1, 2023