Fed Chair Powell - Expects inflation will be a bit volatile over the next year or so

tweet at 10:30am: POWELL SAYS THERE IS A LINK BETWEEN FED LIQUIDITY AND ASSET PRICES tweet at 10:33am: FED'S POWELL Q&A: 'CERTAINLY A LINK' BETWEEN INFLATED ASSET PRICES TO FED, BUT MANY FACTORS CONTRIBUTING, INCLUDING IMPROVED OUTLOOK #Powell #federalreserve tweet at 10:34am: Fed Chair Powell: -Fed policy is among many factors driving markets right now -Will continue bond buying program at its current pace -Will communicate well in advance before making future changes $SPX $NDX $DJI $RUT tweet at 10:41am: POWELL SAYS OVER TIME, GROWTH OF BALANCE SHEET WILL SLOW, BUT ASSET PURCHASES WILL CONTINUE UNTIL SUBSTANTIAL FURTHER PROGRESS SEEN tweet at 10:42am: Fed's Powell: It does not seem likely that an increase in spending would lead to large or persistent inflation. Fed's Powell: We could see spending pick up substantially in the second half.

tweet at 10:24am: FED'S POWELL SAYS STILL A LONG WAY TO GO TO FULL RECOVERY tweet at 10:23am: *POWELL: MOST IMPORTANT FOR ECONOMY NOW IS VACCINATING tweet at 10:27am: POWELL SAYS WILL NOT COMMIT TO ANY FED DECISION ON BANK DIVIDEND RESTRICTIONS tweet at 10:38am: POWELL SAYS SINGLE BEST THING TO PREVENT EVICTIONS IS TO KEEP MONPOL ACCOMMODATIVE tweet at 10:37am: *POWELL: MONETARY POLICY IS A BROAD TOOL, CAN'T SPECIFICALLY TARGET LOW-WAGE WORKERS AND MINORITY WORKERS