Feds Powell press conference highlights
uncertainties remain including those opposed by virus
employment gains broad-based across different groups
wants strong job market to reach more people left behind
expects inflation to move closer to 2% over the next few months
policy is not a preset course
Fed is determined to avoid inflation persistently running below 2%
IOER hike represents a small technical adjustment
policy is appropriate as long as data consistent with Outlook
over the 1st half of this year, Fed plans to adjust size of repo operations
Fed expects to continue offering repo support through April
plans to slow pace of purchases over time
balance sheet will be expanding gradually over time
technical measures are designed to support smooth functioning of the markets