Jerome Powell, Chairman of the Federal Reserve System, is delivering his comments on the US monetary policy outlook at a press conference following the FOMC’s decision to hike the policy rate by 50 basis points in FOMC\u2019s May meeting.
Key quotes
“Disruptions to supply larger, longer-lasting than anticipated.”
“Ukraine war likely to restrain economies abroad, create spillover to the US.”
“We are acutely aware high inflation causes hardship.”
“We are highly attentive to risks inflation causing to both sides of the mandate.”
“Our policy has been adapting, will continue to do so.”
“We think ongoing increases in interest rates will be appropriate.”
“Reducing balance sheet will also play important role.”
“We are on a path to move policy rate expeditiously to more normal levels.”
“Inflation is much too high.”
“We understand the hardship and moving expeditiously to bring inflation down.”
“Essential we bring inflation down to keep strong labour market.”
“Labour market is extremely tight.”
“Improvements in labor market conditions have been widespread.”
“Labor demand is very strong.”
“Labor supply remains subdued.”
“Wages are rising at fastest pace in many years.”
“Inflation is well above goal.”
“Demand in economy is strong, supply chain issues are persisting.”<\/p>\n","protected":false},"excerpt":{"rendered":"
Jerome Powell, Chairman of the Federal Reserve System, is delivering his comments on the US monetary policy outlook at a press conference following the FOMC’s decision to hike the policy rate by 50 basis points in FOMC\u2019s May meeting.Key quotes“Disruptions to supply larger, longer-lasting than anticipated.”“Ukraine war likely to restrain economies abroad, create spillover to …<\/p>\n","protected":false},"author":13,"featured_media":63108,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[37,36],"tags":[6853,6885,6868,7852,8143,7163,7822,8519,6858],"class_list":["post-64834","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates","tag-employment","tag-fed","tag-fomc","tag-inflation-pressures","tag-interest-rate-hikes","tag-jerome-powell","tag-labour-market","tag-supply-chain-disruptions","tag-us-economy"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/64834","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=64834"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/64834\/revisions"}],"predecessor-version":[{"id":64838,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/64834\/revisions\/64838"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/63108"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=64834"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=64834"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=64834"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}