Fed's Powell: If we saw an unexpected weakening in the labor market, that would certainly call for cutting sooner

post: Fed's Powell: We Have Confidence, Looking For Greater Confidence post: FED'S POWELL: WE HAVE SIX MONTHS OF GOOD INFLATION DATA. ON INFLATION DATA, NEED TO MAKE SURE WHAT WE ARE SEEING IS TRUE SIGNAL. post: Fed's Powell: We Don't Think We Necessarily Need To See Weaker Growth For Inflation To Come Down - We Don’t Look At Stronger Growth As A Problem - Seems Likely We Will Achieve Confidence On Inflation post: ? POWELL: ALMOST EVERYONE ON THE COMMITTEE BELIEVES IT WILL BE APPROPRIATE TO REDUCE RATES post: Fed's Powell: We Are Really In A Risk Management Mode - We Don't Know Where Neutral Rate Of Interest Is

post: FED'S POWELL: OUR POLICY RATE IS LIKELY AT ITS PEAK. post: FED'S POWELL: IF THE ECONOMY EVOLVES AS EXPECTED, WE WILL DIAL BACK THE POLICY RATE THIS YEAR. post: FED'S POWELL: I AM PREPARED TO MAINTAIN THE CURRENT POLICY RATE FOR LONGER IF NEEDED. post: FED'S POWELL: REDUCING POLICY RESTRAINT TOO SOON OR TOO MUCH COULD REVERSE INFLATION PROGRESS. post: ? POWELL: WE NEED GREATER CONFIDENCE BEFORE WE REDUCE POLICY RATE

post: FED'S POWELL: THE ECONOMY HAS MADE GOOD PROGRESS, INFLATION HAS EASED. post: FED'S POWELL: THE POLICY RATE WELL INTO RESTRICTIVE TERRITORY. post: *POWELL: ECONOMIC ACTIVITY HAS BEEN EXPANDING AT SOLID PACE post: FED'S POWELL: ACTIVITY IN THE HOUSING SECTOR HAS SUBDUED. post: FED'S POWELL: THE LABOR MARKET REMAINS TIGHT.

post: Fed's Powell: I Would Not Say We Have Achieved Soft Landing Yet - Am Encouraged Though By Progress We've Made - We Are Not Declaring Victory - May Still Be A Tailwind On Disinflation From Goods post: FED'S POWELL: THE SUPPLY SIDE HAS BEEN RECOVERING, BUT THAT WON'T GO ON FOREVER. post: FED'S POWELL: A LOT OF THE ECONOMIC GROWTH WE ARE SEEING IS DUE TO POST-PANDEMIC HEALING, WHEN THAT PETERS OUT, OUR RESTRICTIVE RATE WILL SHOW UP MORE SHARPLY. post: *POWELL: LABOR MARKET BY MANY MEASURES IS AT OR NEARING NORMAL post: ? POWELL: WILL PROBABLY TAKE A COUPLE OF YEARS FOR WAGES TO NORMALIZE

post: Fed's Powell: More Concerned Inflation Will Stabilize At Elevated Level - We Are Not Rushing post: Fed's Powell: We Do Expect Economic Growth Will Moderate post: Fed's Powell: We Are Not Looking For Inflation To Tap 2% Once; We Are Looking For It To Settle Out At 2% post: Powell gives a hard shove *against* a March cut: "I don't think it's likely that the committee will reach a level of confidence by the time of the March meeting to identify March as the time to [cut], but that's to be seen." post: FED'S POWELL Q&A: FED CAN'T ADDRESS SHORTAGE OF HOUSING SUPPLY; MKT RENTS FLAT OR INCREASING AT SLOWER RATE AND THAT WILL SHOW UP IN INFLATION #Powell #FOMC #FederalReserve #economy

post: Fed's Powell: Balance Sheet Runoff So Far Has Gone Very Well - We Are Getting To Time Now That Questions On Pace Of Runoff Is Coming Into Focus - We Had Some Balance Sheet Discussion Today, Plan More In Depth Discussion Next Time post: Fed's Powell: Wouldn't Be Taking A Position That RRP Has To Go All The Way To Zero To Start QT Wind Down