-
Fed’s Powell: Inflation Remains Too High, Labor Market Still Too Tight, Remain Strongly Committed to Bringing Inflation to 2%
Fed’s Powell: Inflation Remains Too High
— *seven (@sevenloI) March 22, 2023
- Labor Market Still Too Tight
- Remain Strongly Committed to Bringing Inflation to 2%
- Consumer Spending Appears to Have Picked Up This Quarter Although Some of That Is Weather Related
- Activity in Housing Remains Weak
-
Fed’s Powell: Policymakers Generally Expect Subdued Growth To Continue
— *seven (@sevenloI) March 22, 2023
- and Almost All on FOMC Sees Risks on Growth As Weighted to the Downside
- Wage Growth Has Shown Some Signs of Easing
- But Demand Still Outstrips Supply
-
Fed’s Powell: We Expect That to Come Into Better Balance Over Time
— *seven (@sevenloI) March 22, 2023
- Inflation Remains Well Above Our Goal
- Strength of Recent Inflation Readings Shows Pressures Continue to Run High
- Process of Getting Inflation Back Down Has a Long Way to Go
- It Will Be Bumpy
-
Fed’s Powell: Longer-Term Inflation Expectations Remain Well Anchored
— *seven (@sevenloI) March 22, 2023
- Since Last Meeting Economic Data Has Come In Stronger Than Expected
- But We Think Recent Banking Events Will Result in Tighter Credit Conditions
- That Would Impact the Economy and How We Need to Respond
-
FED'S POWELL: WE WILL CLOSELY MONITOR INCOMING DATA, AND THE ACTUAL AND EXPECTED EFFECTS OF TIGHTER CREDIT CONDITIONS. WE WILL USE THAT AS BASIS FOR DECISIONS.
— Breaking Market News (@financialjuice) March 22, 2023