Fed Chairman Powell: Wage growth is gradually returning to more sustainable levels. It is not believed that inflation is mainly caused by wages.

Fed Chairman Powell: We may be able to reach lower reserve levels this time.

Fed Chairman Powell: We will pay close attention to past mistakes in asset and liability decisions.

Fed Chairman Powell: There is no urgent need to make a decision on balance sheet reduction.

Fed Chairman Powell: We are studying the optimal speed and optimal scale to slow down the balance sheet.

Fed Chairman Powell: The long-term goal is for the balance sheet to consist mainly of Treasury bonds.

Fed Chairman Powell: There is no more specific statement than "quite quickly" on the timetable for slowing down the balance sheet.

Fed Chairman Powell: Liquidity is currently unevenly distributed.

Fed Chairman Powell: We are focused on slowing down the pace of balance sheet reduction.

Fed Chairman Powell: We do expect unemployment to rise.

Hang Seng Index futures closed up 0.82% in night trading at 16,716 points, a 173-point premium.

Fed Chairman Powell: Initial jobless claims are very, very low.

Fed Chairman Powell: We are paying close attention to layoffs.

Fed Chairman Powell: The Fed strives to reach consensus and ideally achieve unanimity.

Fed Chairman Powell: It is very important for inflation to continue to decline.

The U.S. dollar index DXY continues to fall, falling 20 points in the short term and now trading at 103.4.

Fed Chairman Powell: We need to take time to assess whether the recent pickup in inflation represents more difficulties ahead.

Fed Chairman Powell: It is normal to see a slight increase in inflation in the first half of the year.

Fed Chairman Powell: The latest inflation data certainly didn’t boost anyone’s confidence.