Fed's Powell: It is plausible that the neutral rate is higher than the longer run rate

post: Powell: We’re Not Making a Decision About if Rates Are Sufficiently Restrictive Powell: We Want to See Convincing Evidence We Have Reached Appropriate Level post: ?*POWELL: ECONOMIC ACTIVITY HAS BEEN STRONGER THAN ALL EXPECTED *POWELL: NEED REAL RATES TO STAY POSITIVE `FOR SOME TIME' *POWELL: REAL INTEREST RATES ARE `MEANINGFULLY POSITIVE' NOW post: Powell: We’re Pretty Close to Where We Need to Get Powell: I Wouldn’t Attribute Huge Importance to One Hike post: FED'S POWELL: STRONGER ECONOMIC ACTIVITY IS THE MAIN REASON FOR NEEDING TO DO MORE WITH RATES. post: FED'S POWELL: IN TERMS OF THE NEUTRAL RATE, YOU ONLY KNOW WHEN YOU GET THERE.

post: Fed’s Powell: ‘Long Way To Go’ In Process Of Reaching 2% Inflation post: POWELL: FOMC DECIDED TO HOLD IN LIGHT OF HOW FAR WE'VE COME post: POWELL: FOMC PREPARED TO RAISE RATES FURTHER IF APPROPRIATE post: POWELL: WE WILL DO EVERYTHING WE CAN TO ACHIEVE GOALS post: POWELL: REDUCING INFLATION IS LIKELY TO REQUIRE A PERIOD OF BELOW TREND GROWTH, SOME SOFTENING OF LABOR CONDITIONS

post: POWELL: EXPECT LABOR MARKET REBALANCING TO CONTINUE post: FED'S POWELL: UNEMPLOYMENT RATE AT 3.8% REMAINS LOW. post: POWELL: INFLATION HAS MODERATED SOMEWHAT, EXPECTATIONS APPEAR WELL-ANCHORED post: POWELL: CURRENT STANCE OF POLICY IS RESTRICTIVE

post: FED'S POWELL: THE ECONOMY APPEARS TO HAVE SIGNIFICANT MOMENTUM. post: POWELL: ENERGY PRICES BEING HIGHER IS A SIGNIFICANT THING post: Fed’s Powell: ‘Well Aware’ We Need More Than 3 Good Inflation Readings post: FED'S POWELL: WE ARE NOT LOOKING FOR A DECREASE IN CONSUMER SPENDING. post: POWELL: IT'S A GOOD THING THE ECONOMY IS HOLDING UP UNDER RATE HIKES

post: FED'S POWELL: IF ECONOMY STRONGER THAN EXPECTED, THE FED MUST DO MORE. post: POWELL: OVERALL HOUSEHOLDS ARE IN GOOD SHAPE, WITH HOT LABOR MARKET, RISING WAGES