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Powell: Message from last week's FOMC is that disinflation has begun but has a long way to go
FED'S POWELL: MESSAGE FROM LAST WEEK'S FOMC IS THAT DISINFLATION HAS BEGUN BUT HAS A LONG WAY TO GO
— *Walter Bloomberg (@DeItaone) February 7, 2023
Added at 12:43pm
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POWELL: PROCESS WILL TAKE QUITE A BIT OF TIME
— Breaking Market News (@breakingmkts) February 7, 2023
Added at 12:43pm
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Fed's Powell:
— *seven (@sevenloI) February 7, 2023
- Jobs Report Certainly Stronger Than Anyone Expected
- Friday Jobs Report Stronger Than Expected but Shows Why This Will Be a Long Process
- Need Policy at Restrictive Level for Period of Time
- Probably Need to Do Further Interest-Rate Increases
Added at 12:45pm
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Fed's Powell:
— *seven (@sevenloI) February 7, 2023
- If Data Were to Continue to Come in Stronger Than Expect, Would Certainly Raise Rates More
- 2% Inflation is a Global Standard and Not Something the Fed is Looking to Change
- Expect 2023 to Be a Year of Significant Declines in Inflation
Added at 12:49pm
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FED'S POWELL: I EXPECT 2023 TO BE A YEAR OF SIGNIFICANT DECLINES IN INFLATION.
— Breaking Market News (@financialjuice) February 7, 2023
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