Fed's Powell: The economy appears to have significant momentum

tweet: POWELL: IT MAY BE THAT THE NEUTRAL RATE HAS RISEN POWELL: MEDIAN OF NEUTRAL RATE ESTIMATE HASN'T RISEN, BUT PEOPLE ARE MOVING THEIR ESTIMATES POWELL: IT IS PLAUSIBLE THAT THE NEUTRAL RATE IS HIGHER THAN THE LONGER RUN RATE tweet: *POWELL: WOULDN'T CALL SOFT LANDING A BASELINE EXPECTATION tweet: POWELL: FOR NOW THE QUESTION IS TO TRY TO FIND THE LEVEL WHERE WE CAN STAY tweet: Powell: When I Answer a Question About Cutting, I Never Intend to Send a Signal About Timing tweet: POWELL: GDP IS NOT A MANDATE; THE QUESTION WILL BE IS THE HEAT WE SEE IN GDP REALLY A THREAT TO ABILITY TO GET TO 2% INFLATION

tweet: 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 tweet: ?*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 tweet: Powell: We’re Pretty Close to Where We Need to Get Powell: I Wouldn’t Attribute Huge Importance to One Hike tweet: FED'S POWELL: STRONGER ECONOMIC ACTIVITY IS THE MAIN REASON FOR NEEDING TO DO MORE WITH RATES. tweet: FED'S POWELL: IN TERMS OF THE NEUTRAL RATE, YOU ONLY KNOW WHEN YOU GET THERE.

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

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