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Fed's Powell: There Will Not Be a Light Switch Moment on When We Know Inflation is Sustainably Coming Down
Fed's Powell:
— *seven (@sevenloI) February 1, 2023
- State and Local Governments Are Flush, So That Will Also Support
- Lots of Spending Coming in Construction Pipeline
- Those Factors Will Support Positive Growth This Yr
- There Will Not Be a Light Switch Moment on When We Know Inflation is Sustainably Coming Down
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FED'S POWELL: WE WILL ALSO BE LOOKING AT THE NEXT EMPLOYMENT COST INDEX REPORT, YESTERDAY'S WAS ENCOURAGING BECAUSE IT SHOWED WAGE GROWTH.
— Breaking Market News (@financialjuice) February 1, 2023
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Fed's Powell:
— *seven (@sevenloI) February 1, 2023
- Market Participants Have a Different Job Than the Fed
- Strongly Resolved That We’ll Complete 2% Inflation Task
- Goods Inflation Has Come Down Pretty Fast
- Don’t Know if Further Inflation Slowing Will Be `Hard’
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FED'S POWELL Q&A: 'THIS IS NOT A STANDARD BUSINESS CYCLE;' 'IT'S UNIQUE;' 'CERTAINTY IS NOT APPROPRIATE;' TO BE CAUTIOUS; 'LONG WAY TO GO' #Powell #federalreserve
— Mace News (@MaceNewsMacro) February 1, 2023
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FED'S POWELL: OUR JOB IS TO DELIVER INFLATION BACK TO TARGET, WILL BE CAUTIOUS IN DECLARING VICTORY #News #Markets #POWELL #INFLATION #capitalhungry
— Capital Hungry (@Capital_Hungry) February 1, 2023