Fed's Powell: very important inflation expectations remain well anchored; today they are pretty well anchored over longer term

FED'S POWELL: WE ARE COMMITTED TO DOING THE JOB OF MAKING SURE INFLATION EXPECTATIONS ARE ANCHORED

FED'S POWELL: OUR JOB TO MAKE SURE THAT DOESN'T HAPPEN, COMMITTED TO THAT

— *seven (@sevenloI) September 8, 2022

FED'S POWELL: LABOR MARKET DEMAND IS STILL VERY, VERY STRONG

FED'S POWELL: WE HOPE TO ACHIEVE A PERIOD OF BELOW-TREND GROWTH
FED'S POWELL: WAGES ARE RUNNING AT ELEVATED LEVELS

— *seven (@sevenloI) September 8, 2022

Powell: Reiterates that Fed wants to slow demand to bring inflation down. Key is the labor market - especially wage growth. Average hourly earnings running at 5.2% which is well above the 2% to 3% growth rate prior to the onset of the pandemic. pic.twitter.com/ThGzfdQaBq

— Kathy Jones (@KathyJones) September 8, 2022

*Fed's Powell: Fed Won't Do Nominal GDP Targeting

FED'S POWELL: MY VIEW THAT DUAL MANDATE HAS SERVED PUBLIC WELL, IS GENERALLY WORKABLE

FED'S POWELL: TWO GOALS NOT IN CONFLICT AT ALL

— *seven (@sevenloI) September 8, 2022