2022-04-21 21:08:56
Fed's Powell:
We are very focused on getting inflation down to 2% goal
Our goal is to use tools to have a soft landing.
Markets are reacting appropriately generally
It is essential to restore price stability
In my view it is appropriate to move more quickly
50 bps is on the table for the May meeting
Inflation is a global problem, I had the expectation that inflation would peak around this time
I want to see actual progress on inflation coming down
We are going to be raising rates, moving toward neutral, then to tight policy if appropriate
There are more job openings in the US than unemployed people
We have seen some tightening in financial conditions
We are not counting on help from the supply side
Less globalization could mean higher inflation and lower productivity
The events in Ukraine have the possibility of causing more fragmentation.
#USD
18 views18:08
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