02:50:01
Federal Reserve Chairman Powell: Global geopolitical tensions are indeed rising.
02:49:18
Fed Chairman Powell: Our question is whether we should raise interest rates further.
02:48:30
Fed Chairman Powell: The Fed is focused on how long policy needs to remain tight.
02:48:22
Spot gold fell below $1,970 per ounce for the first time since October 25.
02:48:06
Fed Chairman Powell: We haven’t discussed cutting interest rates either.
02:47:57
Fed Chairman Powell: What we are concerned about is whether the policy is restrictive enough.
02:47:11
Fed Chairman Powell: We are not considering cutting interest rates at all at this time.
02:46:48
Fed Chairman Powell: If we conclude that we need to tighten, we will do so.
02:46:24
Federal Reserve Chairman Powell: The economy has been showing resilience and we will evaluate interest rate increases from an overall perspective.
02:45:54
Fed Chairman Powell: We accept the current economic status quo.
02:45:35
Fed Chairman Powell: The economy is surprisingly strong in its resilience.
02:45:02
Fed Chairman Jerome Powell: It’s difficult to determine how many rate hikes tighter financial conditions will lead to, or how that will translate into how many potential rate hikes it is unclear.
02:43:40
Fed Chairman Powell: The Fed did not reincorporate recession into our forecasts at this meeting.
02:43:24
Fed Chairman Powell: The FOMC will always take action as it deems appropriate.
02:43:17
GBP/USD fell below 1.21 again, down 0.35% on the day.
02:42:55
Fed Chairman Powell: The view that it will be difficult to raise interest rates again after a pause is incorrect.
02:41:27
Fed Chairman Powell: We have not made any decisions about future meetings.
02:41:17
Fed Chairman Powell: Policy expectations do not appear to be driving U.S. bond yields.
02:33:56
Fed Chairman Powell: Inflation remains well above target.
02:33:24
Fed Chairman Powell: Nominal wage growth is showing some signs of slowing.