Reply To: Markets Reverse Sharply on Feds Powell Statements, What Does it all Mean?

#46966
Helmholtz Watson
Participant

Statement

We will not achieve a sustained strong labor without price stability
We will likely need a restrictive stance of policy for some time
Price stability is the bedrock of our economy
US economy has slowed significantly from last year
Recent data indicates modest growth this quarter
Activity in housing has weakened
Jobs market is still extremely tight
Inflation is still well-above our goal
Financial conditions have tightened significantly and we are seeing the effects but it will take time for full effects to be realized
At some point, it will become appropriate to slow the pace of rate increases
There is ‘significantly uncertainty’
Incoming data suggests the ultimate level of rates will be higher than previously anticipated
We will stay the course until the job is done