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Fed's Powell: Neutral is not necessarily a stopping point, If we have to go beyond neutral we will not hesitate
Fed's Powell:
— DailyFX Team Live (@DailyFXTeam) May 17, 2022
- Neutral is not necessarily a stopping point
- If we have to go beyond neutral, we will not hesitate
Added at 2:16pm
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Fed's Powell:
— DailyFX Team Live (@DailyFXTeam) May 17, 2022
- We will continue to raise rates until we see inflation coming down
- We will tighten until we are at a place where financial conditions are appropriate and inflation is coming down
Added at 2:17pm
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Fed's Powell:
— DailyFX Team Live (@DailyFXTeam) May 17, 2022
- Inflation is way too high, we will use our tools to bring it back in-line with target
- It would have been better to raise rates earlier with hindsight
Added at 2:19pm
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FED'S POWELL: WE ARE NOW NOT SETTING POLICY ON THE EXPECTATION WE GET RELIEF FROM SUPPLY-SIDE.
— Breaking Market News (@financialjuice) May 17, 2022
Added at 2:22pm
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FED'S POWELL: THERE IS MORE DEMAND FOR WORKERS THAN PEOPLE TO WORK BY A SUBSTANTIAL MARGIN.
— Breaking Market News (@financialjuice) May 17, 2022
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