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Powell: Strongly committed to bringing inflation back down
POWELL: STRONGLY COMMITTED TO BRINGING INFLATION BACK DOWN
— AceMarketU.com (@AceMarketU) June 15, 2022
Added at 2:32pm
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*POWELL: ESSENTIAL WE'RE TO BRING INFLATION DOWN TO HELP LABOR
— Cable FX Macro (@cablefxmacro) June 15, 2022
*POWELL: LABOR MARKET IS EXTREMELY TIGHT
*POWELL: HAVE TOOLS WE NEED TO RESTORE PRICE STABILITY
Added at 2:33pm
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Fed's Powell:
— DailyFX Team Live (@DailyFXTeam) June 15, 2022
- Activity in the housing sector appears to be softening
- We are in the process of significantly reducing our balance sheet
Added at 2:34pm
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FED'S POWELL: TIGHTENING FINANCIAL CONDITIONS SHOULD TEMPER DEMAND.
— Breaking Market News (@financialjuice) June 15, 2022
Added at 2:34pm
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Fed's Powell:
— DailyFX Team Live (@DailyFXTeam) June 15, 2022
- Aggregate demand is strong; supply constraints have lasted longer than anticipated
- Covid related lockdowns in China likely to make supply chain problems worse