Fed's Powell: We want to see a series of declining monthly inflation readings

tweet at 2:40pm: FED'S POWELL: FURTHER SURPRISES IN INFLATION COULD BE IN STORE. tweet at 2:40pm: FED'S POWELL: WE WILL TRY NOT TO ADD UNCERTAINTY. tweet at 2:41pm: FED'S POWELL: WE ALWAYS AIM TO PROVIDE AS MUCH CLARITY AS WE CAN ABOUT OUR INTENTIONS. tweet at 2:42pm: FED'S POWELL: CPI DATA AND INFLATION EXPECTATIONS DATA LAST WEEK MADE US REALIZE 75 BPS WAS THE WAY TO GO #News #Forex #US #POWELL #INFLATION #CPI tweet at 2:42pm: POWELL: WE HAD EXPECTED TO SEE INFLATION FLATTENING OUT BY NOW

tweet at 2:36pm: Fed's Powell: - We continue to see upside risks for inflation - We are highly attentive to the risks high inflation poses to both sides of the mandate tweet at 2:37pm: POWELL: TODAY'S MOVE TO ANCHOR INFLATION EXPECTATIONS AT 2% tweet at 2:38pm: POWELL: PACE OF RATE HIKES WILL DEPEND ON INCOMING DATA tweet at 2:38pm: FED'S POWELL: EITHER 50 BPS OR 75 BPS MOST LIKELY AT NEXT MEETING #News #Forex #POWELL tweet at 2:38pm: POWELL: DON'T EXPECT 75 BASIS-POINT MOVES TO BE COMMON

tweet at 2:30pm: POWELL: STRONGLY COMMITTED TO BRINGING INFLATION BACK DOWN tweet at 2:31pm: <img data-emoji="loudspeaker" alt="" width="18" height="18" class="emoji" src="https://resources.faireconomy.media/images/emojis/64/1f4e2.png?v=14.0">*POWELL: ESSENTIAL WE'RE TO BRING INFLATION DOWN TO HELP LABOR *POWELL: LABOR MARKET IS EXTREMELY TIGHT *POWELL: HAVE TOOLS WE NEED TO RESTORE PRICE STABILITY tweet at 2:32pm: Fed's Powell: - Activity in the housing sector appears to be softening - We are in the process of significantly reducing our balance sheet tweet at 2:33pm: FED'S POWELL: TIGHTENING FINANCIAL CONDITIONS SHOULD TEMPER DEMAND. tweet at 2:35pm: Fed's Powell: - Aggregate demand is strong; supply constraints have lasted longer than anticipated - Covid related lockdowns in China likely to make supply chain problems worse

tweet at 2:46pm: POWELL: WE THINK LONGER-RUN NEUTRAL RATE IS `IN THE MID 2S' tweet at 2:47pm: POWELL: DEMAND IS `VERY HOT STILL IN THE ECONOMY' tweet at 2:48pm: POWELL: `WE FEEL THERE IS A ROLE FOR US IN MODERATING DEMAND' tweet at 2:48pm: Fed's Powell: - We would like to see demand moderate - We would also like to see the labor market in better balance tweet at 2:48pm: FED'S POWELL: SUPPLY-SIDE ISSUES STILL PUSHING UPWARD ON INFLATION.

tweet at 2:50pm: POWELL: LONG-RUN EXPECTATIONS SEE INFLATION COME DOWN SHARPLY tweet at 2:51pm: FED'S POWELL: BUT LAST WEEK'S MICHIGAN READING WAS QUITE EYE CATCHING. tweet at 2:52pm: Fed Chair Powell, When Asked If Another Hot Inflation Reading Came In: ‘We Would React Appropriately’ tweet at 2:52pm: POWELL: POLICY WILL NEED TO BE RESTRICTIVE, DON'T KNOW HOW MUCH tweet at 2:53pm: FED'S POWELL: THERE'S ALWAYS A TRADE OFF IN POLICY.

tweet at 2:54pm: POWELL: 2022 DEMONSTRATES HOW WELL POLICY GUIDANCE CAN WORK tweet at 2:54pm: FED'S POWELL: ANY GUIDANCE WE GIVE IS SUBJECT TO THINGS WORKING OUT AS WE EXPECT. tweet at 2:54pm: FED'S POWELL: SOON ENOUGH, WE WILL SEE PROGRESS ON INFLATION. tweet at 2:56pm: Fed's Powell: - It is unusual to get data late during our blackout period - I think our guidance is still credible tweet at 2:56pm: FED'S POWELL: WE WON'T DECLARE VICTORY UNTIL WE REALLY SEE COMPELLING EVIDENCE THAT INFLATION IS COMING DOWN.