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Fed's Powell: By standards of central bank practice, we moving as fast as we have in several decades
POWELL: BY STANDARDS OF CENTRAL BANK PRACTICE, WE MOVING AS FAST AS WE HAVE IN SEVERAL DECADES
— Breaking Market News (@breakingmkts) May 17, 2022
Added at 2:10pm
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Fed's Powell:
— DailyFX Team Live (@DailyFXTeam) May 17, 2022
- We need the supply side to have a chance to catch up
- We need to see clear and convincing evidence that inflation is coming down
Added at 2:10pm
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FED'S POWELL: IF WE DON'T SEE THAT, WE'LL HAVE TO MOVE MORE AGGRESSIVELY.
— Breaking Market News (@financialjuice) May 17, 2022
Added at 2:12pm
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*POWELL: IF WE SEE CLEAR EVIDENCE OF INFLATION SLOWING DOWN, WE CAN SLOW PACE OF HIKES
— lemasabachthani (@lemasabachthani) May 17, 2022
Added at 2:14pm
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FED'S POWELL: WE ARE RAISING RATES EXPEDITIOUSLY TO MORE NORMAL LEVEL
— Breaking Market News (@breakingmkts) May 17, 2022
FED'S POWELL: WE'LL PROBABLY REACH THAT IN Q4 THIS YEAR
FED'S POWELL: THAT'S NOT A STOPPING POINT THOUGH
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