USD
Fed's Powell: We don't know how restrictive we need to be.
Fed's Powell: We want to see progress on inflation in this instance, if we don't see that, we will react.
Fed's Powell: Soon enough, we will see progress on inflation.
Fed's Powell: What is becoming clear, is many factors we don't control will play a large part in if that happens.
Fed's Powell: It is not going to be easy to sustain low unemployment while bringing down inflation.
Fed's Powell: A 4.1% jobless rate seen in 2024 would still be historically low, and a successful outcome.
Fed's Powell: We're not trying to induce a recession.
Fed's Powell: Pathways to 2% inflation have become much more challenging.
Barclays predicts a 50 basis-point Fed hike in July.
UK's Chancellor Sunak is urged to save £57 bln by witholding Bank of England reserves interest - FT.
Biden is to sign an ocean shipping bill into law amid the inflation fight.
Fed's Powell: I think we can get a softish landing, but events have raised the degree of difficulty, We just don't know if we can achieve it.
Fed's Powell: Fluctuations in commodity prices could take the possibility of a softish landing out of our hands.
My entire life in one sentence: it didn't go as planned, and that's ok.
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