Fed Chairman Powell: Policy is tightening within the range of estimates of the neutral interest rate, but the estimate of the neutral interest rate must be taken with a grain of salt.

Federal Reserve Chairman Powell: The risks are now more two-sided, and there is a choice between doing too much and doing too little.

Fed Chairman Powell: Surveys show that the public generally believes that inflation will fall, which is critical to winning this battle.

Fed Chairman Powell: It will take some time for inflation to come down, and the good news is we are making progress.

Fed Chairman Powell: The banking system is very resilient and we don’t have any reason to think that these interest rate increases will make a material difference to the situation.

Fed Chairman Powell: We have been working closely with financial institutions to ensure that they have good funding plans.

Fed Chairman Powell: We never look at changes in long-term Treasury yields in isolation, we consider them as part of a broader picture.

Federal Reserve Chairman Powell: Regarding new regulatory measures (Basel Accord), we will reach a plan that has broad support.

Fed Chairman Powell: The dot plot is a temporal description of appropriate policies based on the personal views of policymakers.

"Fed Mouthpiece" Nick Timiraos: As far as I know, Powell has said almost nothing about the forecast of one more interest rate increase shown in the dot plot in September. He simply said they would release a new forecast in December.

Fed Chairman Powell: This is one reason why we are slowing down the process this year. We cannot act in a hurry.

Fed Chairman Powell: We must formulate policy under huge uncertainty.

Federal Reserve Chairman Powell: We are now seeing the impact of raising interest rates in 2022, but it is still difficult to determine the length of the policy lag period.

Fed Chairman Powell: Supply-side gains (such as immigration) have indeed helped, but these factors will gradually fade.

Fed Chairman Powell: We have made good progress on inflation without rising unemployment, which is very welcome.

Fed Chairman Powell: The best thing we can do for the United States is to fully restore price stability and minimize the damage.

Fed Chairman Powell: External risks still exist.