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Powell: I do think our goal is to bring inflation down to 2% while labor market remains firm
POWELL: I DO THINK OUR GOAL IS TO BRING INFLATION DOWN TO 2% WHILE LABOR MARKET REMAINS FIRM
— *Walter Bloomberg (@DeItaone) June 15, 2022
POWELL: MANY FACTORS WE DON'T CONTROL WILL DECIDE WHETHER THAT'S POSSIBLE
Added at 2:59pm
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Fed's Powell:
— DailyFX Team Live (@DailyFXTeam) June 15, 2022
- There is a path for us to keep a firm labor market, but it is not getting easier
- We cannot control supply side issues
Added at 2:59pm
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POWELL: DEMAND SHOWS UP IN HIGHER PRICES, NOT MORE QUANTITY
— AceMarketU.com (@AceMarketU) June 15, 2022
Added at 3:00pm
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FED'S POWELL: WHEN DEMAND FALLS, PRICES MAY FALL.
— Breaking Market News (@financialjuice) June 15, 2022
Added at 3:01pm
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Fed's Powell:
— DailyFX Team Live (@DailyFXTeam) June 15, 2022
- I would say if you get inflation down, and the unemployment rate went up to 4.1%, that is still historically low
- I think unemployment going up to that rate would be a successful outcome